Should You Choose to Lease Your IT Hardware?

Should You Choose to Lease Your IT Hardware?

Published by: Sinead Woods
Published date: 20th Aug 2015
Categories: IT Hardware

In order to survive in the competitive business world, you need to back your business with powerful, innovative, and the latest technology. It is a combination of sophisticated software and state of the art hardware. Now, we understand that not every business is able to afford the technology it needs to thrive. It is a catch 22. That is when many businesses make the mistake of choosing low quality equipment that just doesn’t fulfill their needs. Such investment has little or no ROI at all.

IT hardware leasing can help you and your business in such a situation. It is the most appropriate solution for businesses that are unable to afford the technology they need. Leasing offers a plethora of benefits, including acceleration of effective tax related life cycle of that equipment.

Smart businesses consider leasing a better option despite a good budget. That is mainly because equipment has a depreciation period of up to five years. This means when you buy equipment, you are actually stuck with the same hardware for years. Now based on the pace at which the technological landscape is changing, that technology might become outdated within a year or two. Buying new equipment every other year can be a huge financial burden for any business, irrespective of the size and nature. With leasing on the other, hand, you have the option to upgrade as soon as you need to.

So, basically, leasing is a more flexible and financially feasible option to say the least. Moreover, if you are working with a reputable and customer centric equipment leasing company, you can access a plethora of discount and terms that add immense amount of value to the whole deal.

At Codec-dss, we offer value-yielding financing and leasing options for businesses like yours. Contact us to learn more about how we can help you determine the best option.