More On Why to Rent

Naturally, decisions that can range easily in the thousands of dollars are not taken lightly, and we expect everyone to carefully weigh their options just as we would.  Making the right decisions can be what separates your good company from your mediocre competitors after all.

Several years ago, Forbes Magazine pondered the pros and cons of Buying Vs. Leasing Business Equipment.  They should have considered us:

The primary advantage of leasing business equipment is that it allows you to acquire assets with minimal initial expenditures. Because equipment leases rarely require a down payment, you can obtain the goods you need without significantly affecting your cash flow. 

Another financial benefit of leasing equipment is that your lease payments can usually be deducted as business expenses on your tax return, reducing the net cost of your lease. In addition, leases are usually easier to obtain and have more flexible terms than loans for buying equipment. This can be a significant advantage if you have bad credit or need to negotiate a longer payment plan to lower your costs. 

Leasing also allows businesses to address the problem of obsolescence. If you use your lease to attain items that are subject to becoming technologically outdated in a short period of time, such as computers or other high-tech equipment, a lease passes the burden of obsolescence onto the lessor, as you are free to lease new, higher-end equipment after your lease expires.

Every single one of these advantages to leasing equipment also applies to renting it! However, if you read Forbes' list of disadvantages to leasing, you will understand why we really stand out.

Leasing business equipment has two main disadvantages: overall cost and lack of ownership. With regard to cost, leasing an item is almost always more expensive than purchasing it. For example, a three-year lease on a computer worth $4,000, at a standard rate of $40/month per $1,000, will cost you a total of $5,760. If you had bought it outright, you would have paid only $4,000. In addition to the higher cost, you will have built up no equity in the computer. Unless the computer has become obsolete by the end of the lease, this lack of ownership is a significant disadvantage. 

Another downside to leasing is that you are obligated to make payments for the entire lease period even if you stop using the equipment. Some leases give you the option to cancel the lease if your business changes directions and the equipment you leased is no longer necessary, but large early termination fees always apply.

Unless you plan on buying a $10,000 office copier outright, (If you do, hold on and I'll get to you in a second) you are going to end up paying more than the sticker price no matter what you do.  The second paragraph is why we can save you money more than either of the other options.  If your equipment breaks, or your needs change, you have a tough decision to make if you are on a lease or a loan.  With Affordacopy, just give us a call and you are not on the hook for anything.

On the other hand, if you do have all the money you need to plop a large pile of cash on the checkout counter and return to your office the proud owner of a brand new machine, congratulations!  You are clearly already doing a stellar job for your company.  Now as smart as you are, think of what else you can do for your company with the up front savings of renting from Affordacopy... and go home happy knowing that if something happens, we'll take care of it for you.

Visit our site for more information on why to rent your copier, or read the rest of Forbes' article and think to yourself as you read:  'Isn't renting better than either of these options?'