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Archive of posts published in the category: Lease
Apr
2

Should You Lease or Buy Your Tech Equipment?

Find out which option is right for your business with this in-depth look into the pros and cons of each.

Opinions expressed by Entrepreneur contributors are their own.


The next time your business needs new computers, networking equipment or other technology, should you buy it or lease it? If you don’t know, read on. This month we’ll take a look at the benefits–and downsides–of both leasing and buying technology equipment, plus the questions you should ask to ensure you get the best deal.

Leasing: The Benefits

  • Leasing keeps your equipment up-to-date. Computers and other tech equipment eventually become obsolete. With a lease, you pass the financial burden of obsolescence to the equipment leasing company. For example, let’s say you have a two-year lease on a copy machine. After that lease expires, you’re free to lease whatever equipment is newer, faster and cheaper. (This is also a reason some people prefer
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