Lessons in Leasing
Something that many business owners may have not considered before is the option of leasing business equipment instead of purchasing it outright. There are benefits to purchasing equipment, but there are also strengths to leasing as well.
Save Money in the Short Term
For smaller businesses or businesses with a more strict cash-flow, leasing provides an option that doesn’t require the same investment upfront. This provides companies with the ability to get the equipment they need, when they need it.
Along with the direct monetary savings, there are tax benefits that accompany leasing equipment as well. When filing taxes, businesses can write of leasing as an office expense without having to calculate the depreciation of the machines over time. These tax benefits can really help businesses by making filing easier when tax time comes around.
For businesses with interests in new and exciting technology, leasing can be an excellent option. With leasing, companies can trade in the machines they have been using for newer models. This means they can have access to the newest tech tools fast and without re-investing in a new piece of equipment. Additionally, if the machine a company is leasing breaks down, they can simply send it back to get a replacement, removing some of the burden of owning it themselves.
Flexibility That Meets Your Needs
If a big project comes down the way, but the company knows it’s a temporary job, how do they get the work accomplished without adding excess strain on their existing machines? The answer is in leasing. With leasing, businesses can rent the equipment they need based on their own timelines to accomplish work that needs to be done without investing in buying new machines altogether.
Ready to get started? Request a Technology Strategy!
To learn more about CWS, explore the links below: