Thursday 26 June 2008

SAVE MONEY BY LEASING YOUR COMPUTER AND OFFICE EQUIPMENT

WHY should a business lease?

Starting or running a small business can be draining on the wallet. There are so many reasons why any business should seriously consider leasing their office and IT equipment over purchase or rent.

The first one is that leasing improves the companies cash flow. In fact this is the main advantage, it simply frees up cash. Leasing is also easier to finance than purchase. The simple fact is that if you were to contemplate purchasing your equipment with a capital equipment loan from the bank, they would usually want to see the last 2-3 years of financial records. For many new companies this would be prohibitive. 

Keeping pace with Technology
Every business needs to keep pace with the latest equipment available to it and the major advantage leasing provides over purchase is the ability to always have the very best in computers, communications, printers, copiers etc.

Getting what you need, when you need it
When a new big project comes in, you may have to employ more people and furnish them with new equipment, computer and the like. Leasing enable you to get these in fast without massive capital outlay.

I won't even go into the tax benefits, but you should. Speak to your accountant or financial director, you may have a very pleasant surprise..

Andy Phillips

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