Why You Should Lease
As the world moves towards technology driven solutions, an organisations readiness to the digitised economy depends on the hardware they have today. By investing in technology, organisations will be investing in growth, improving operations and empowering employees to keep up, and get ahead in a fast-paced world.
However, the real decision often isn’t which piece of equipment is best suited for your needs, but rather how this device will be acquired. With the current economic climate which is characterised by low growth rates, high inflation and a weakening currency, most organisations find themselves in a predicament. Should your organization buy its office technology or get a business loan?
Leasing is a third viable alternative whether you cash rich or follow a conservative capital expenditure model. With a lease, an organisation can get access to the equipment and tools it needs without the burden of the full, up-front cost.
Initial costs are much lower in comparison to buying the equipment outright. Payments will also be predetermined and fixed, making it easy to balance budgets. When paired with an asset management component, leasing also assists with the essential facilitation of lifecycle management practices.
While the pull of owning equipment is often strong, equipment depreciates in value as it ages and will eventually become obsolete. The resale value significantly drops and you will likely have to sell them at a much lower price than what you paid to acquire them. Equipment leasing employs strategies to ensure the most productivity is gained from the equipment and when its time to upgrade, equipment is always kept up to date.