Especially for start-up, small, and medium-sized businesses, leasing is the ideal solution to large initial costs and loans. For large office equipment such as copiers and multifunction printers, leasing is a time-honored and fiscally logical choice for several reasons, here are the top 5:
- Avoid obsolescence: Your business can stay up to date with the latest technology without shelling out tons for the latest office equipment. At the end of each lease, if you find that the equipment is outdated or that it no longer fits your needs, you choose different equipment and move on. It’s quick, easy, and keeps you on the cutting-edge.
- Bundling: Many companies will offer a reduced rate if you lease multiple machines at once, or combine your lease with paper, toner, and support services.
- Tax benefits: When you purchase office equipment upfront, you can deduct the depreciation of the hardware from taxes. When you lease, on the other hand, you can deduct the full payment of the lease because the IRS considers it a pre-tax business expense.
- Flexible terms: Obtaining a lease is a lot easier than obtaining a loan for office equipment. There are even leasing options in which you can pay no money upfront with 100% financing.
- Lower costs upfront: As previously mentioned, leasing helps you to avoid large upfront costs to get the basic components of your business covered. This is especially useful when you need cash for other essential startup costs, like marketing.
You have a business to run. The equipment that you use to help you work should be the last thing on your mind. Leasing equipment affords many benefits as well as peace of mind, so you can have the freedom to run your business on your own terms. Contact us today for more information.