We are independent & ad-supported. We may earn a commission for purchases made through our links.
Advertiser Disclosure
Our website is an independent, advertising-supported platform. We provide our content free of charge to our readers, and to keep it that way, we rely on revenue generated through advertisements and affiliate partnerships. This means that when you click on certain links on our site and make a purchase, we may earn a commission. Learn more.
How We Make Money
We sustain our operations through affiliate commissions and advertising. If you click on an affiliate link and make a purchase, we may receive a commission from the merchant at no additional cost to you. We also display advertisements on our website, which help generate revenue to support our work and keep our content free for readers. Our editorial team operates independently of our advertising and affiliate partnerships to ensure that our content remains unbiased and focused on providing you with the best information and recommendations based on thorough research and honest evaluations. To remain transparent, we’ve provided a list of our current affiliate partners here.
Technology

Our Promise to you

Founded in 2002, our company has been a trusted resource for readers seeking informative and engaging content. Our dedication to quality remains unwavering—and will never change. We follow a strict editorial policy, ensuring that our content is authored by highly qualified professionals and edited by subject matter experts. This guarantees that everything we publish is objective, accurate, and trustworthy.

Over the years, we've refined our approach to cover a wide range of topics, providing readers with reliable and practical advice to enhance their knowledge and skills. That's why millions of readers turn to us each year. Join us in celebrating the joy of learning, guided by standards you can trust.

When Should I Lease Computer Equipment?

By Jodee Redmond
Updated: May 17, 2024
Views: 6,348
Share

When you are in business, there are some situations where it makes more sense to lease computer equipment as opposed by buying it. Leasing computer equipment makes sense for start-up companies, when you want to be able to upgrade at regular intervals, and when you don't have the resources to have full time IT staff on site. If any of these scenarios fit your business, then you may want to consider leasing your computer equipment.

When you are getting started in business, you need to keep a close eye on costs. Rather than spend some of your precious capital buying equipment outright, it makes sense to lease computer equipment instead. Leasing means that you avoid having to approach a lender and have to go through the steps necessary to arrange financing. Instead, you can get the equipment in place and up and running quickly.

Another factor to consider when you want to lease computer equipment is how often you are planning to upgrade your computer system. With a lease option, you know you are only committing to having the equipment on the premises for a set amount of time. At the end of the lease, you can return the equipment to the leasing company and bring in new equipment that is up-to-date.

Not all companies have the resources to hire staff to service their computer equipment and perform any necessary upgrades. In a situation where you decide to lease computer equipment as opposed to buying it, the leasing company is responsible for making any repairs and making sure that the equipment has any recommended updates. If anything goes wrong with the equipment, all you need to do is contact the leasing company, and they will look after it.

Computer equipment shouldn't be thrown out with the regular garbage, and if you choose to lease yours, the company will look after making sure it is taken to a depot that can take electronics. Having to take care of this yourself is a distraction that takes your attention away from running your business. If the leasing computer equipment means you don't need to worry about disposing of it when you upgrade, then that is a factor that makes leasing a more attractive option.

If you think you would like to rent computer equipment, you need to take the time to consider all of your options. In some situations, a rent-to-own arrangement may make sense if you don't anticipate needing to upgrade the equipment in a few years. You will need to consider the total cost of leasing the equipment before making a decision, though.

Share
WiseGeek is dedicated to providing accurate and trustworthy information. We carefully select reputable sources and employ a rigorous fact-checking process to maintain the highest standards. To learn more about our commitment to accuracy, read our editorial process.

Editors' Picks

Discussion Comments
Share
https://www.wisegeek.net/when-should-i-lease-computer-equipment.htm
Copy this link
WiseGeek, in your inbox

Our latest articles, guides, and more, delivered daily.

WiseGeek, in your inbox

Our latest articles, guides, and more, delivered daily.