Many organizations believe leasing has no value for them. They have plenty of cash or capital to purchase their equipment. Little thought is given to a smarter way to pay, especially with telecom technology. It’s accepted practice to lease equipment, such as copiers.
Here are 4 reasons why leasing voice, video and data equipment may be better for your company than other options.
1. First, a monthly payment helps you avoid large up-front capital outlay, and preserves cash for financial emergencies, or better yet, revenue-producing assets or projects.
2. Second, leasing offers payment flexibility. You can opt for monthly, annual, deferred or step-up payments. With cash, there is NO flexibility.
3. Third, depleting cash or capital, on a depreciating asset like technology, can negatively affect credit. Leasing, however, builds trade history and establishes a verifiable, usable credit rating.
4. Fourth, the true value of time is money. Even when ownership is the goal, because payments are spread over time, leasing is often the lowest-cost method for ownership.
So inform yourself, and make a sound financial decision on your next technology acquisition.