Focus on How to Buy
Businesses in the market for premise, cloud, or hybrid - voice, video, or data equipment focus their attention solely on the technology, as they should. But, choosing hardware isn’t the only step in the buying process.
Addressing how to buy the new equipment is just as important as what you are buying. The most common options companies are aware of are cash, bank loans, and traditional finance contracts. The option that is not always presented is an operational expense (OPEX) lease that works like a termed rental agreement.
The Beauty of OPEX for Voice, Video, & Data
The benefit to this payment option is a manageable monthly payment which allows customers to use the equipment while it is current, relieving themselves of ever owning obsolete equipment. Technology equipment loses value faster than driving a new car off a dealer’s lot, why would any CFO agree to use precious capital on such a purchase? The last thing any business wants is to recognize an asset that rapidly depreciates in value. We are not even sure you could even called that an asset?
"Technology equipment loses value faster than driving a new car off a dealer’s lot, why would any CFO agree to use precious capital on such a purchase?"
The beauty in going this route of a termed rental or OPEX lease like a TAMCO Shield termed rental is that you are never married to your equipment. It protects you from changes in your business and out of date technology by allowing you to update hardware if the existing is no longer of use. No rolling over previous balances or hidden fees, you are completely forgiven of your contract if the system no longer works for you.
In addition to the Solution Replacement Guarantee, this payment method provides Act of God coverage, off-balance sheet accounting, and maintenance/support that can be bundled into the monthly payment.
Get to Know a Smart Way to Pay
Before you spend large amounts of cash up front, mess with your debt to income ratio on a bank loan, or become stuck in an inflexible finance contract, understand the payment option that is too often overlooked but yields the highest value and lowest cost when comparing bottom lines.
