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The Leasing of Equipment: A Guide for Business Owners

A business or company cannot function optimally without the necessary office equipment. Purchasing and maintaining this equipment can be costly. Most of the time when buying a new printer, or new apple computer, it is only a matter of time before a new version that boasts with more functions become available on the market. With the high costs involved in operating and owning equipment, business owners are now preferring to rent rather than own.

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The Leasing of Equipment: A Guide for Business Owners

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  1. The Leasing of Equipment: A Guide for Business Owners A business or company cannot function optimally without the necessary office equipment. Purchasing and maintaining this equipment can be costly. Most of the time when buying a new printer, or new apple computer, it is only a matter of time before a new version that boasts with more functions become available on the market. With the high costs involved in operating and owning equipment, business owners are now preferring to rent rather than own. Renting presents benefits that owning does not, together with lower monthly installments, that is usually spread out over months rather than one lump sum payment. A lot of office equipment rentals such as that latest Apple MAC book, printer, and communication system include service add-ons or service agreements. These additional benefits offer peace of mind to any small company and nullify the use of an in-house technician. If your company needs new technology or equipment, but you just don’t have the finance to afford it, then renting can be an alternative to consider. Renting allow you to make small monthly installments so even if your cash-flow is restricted, you don’t have to spend a fortune on office equipment. This equipment can include anything from electronics, for example, Apple desktops, tablets, monitors, and servers. At the end of your rental period, you can just return the hired equipment or purchase it. There are numerous advantages for business owners renting their equipment. The majority of lessors don’t insist on a big down payment. Also, as a business owner, you don’t need to update your equipment, since you aren’t stuck with outdated equipment. When you need to upgrade to the most innovative Apple computer or iPad, you can do so without having to shop for replacements or having to sell the existing gadgets or equipment. It is worth noting that not all equipment rentals are similar and each company’s policy may differ. If you are a small business owner, looking for alternative options to get your hands on office equipment, it is always the best to look at several renting companies, read their reviews on customer service and find out their track record. Before you start renting equipment you need to ask yourself some questions to make informed decisions on renting or buying. What is your monthly budget: Even if renting presents you with smaller monthly instalments than buying, you still need to calculate your monthly cash flow? It is important to determine what you can afford and then decide. Don’t try getting quotes on prices and try fitting them into your budget. How long will you be using the equipment: For small business owners who only need office equipment for short-term use, then renting an Apple desktop, printer, and office phone will be

  2. the most affordable alternative option. However, if you need equipment for 3 or more years, then credit or loan will be more cost-effective in the long run. It is also necessary to consider your business growth. If your company is rapidly expanding, renting may be a better option than purchasing. While purchasing office equipment is cost-efficient in the long rung and present business owners the advantages of captured equity and flexibility, there are a few hazards linked with the outright purchase of equipment. Namely, if the printer or Apple desktop unexpectedly breaks and needs to be replaced, or the electronic equipment you purchased becomes outdated and drop in value, you may be left in a position where still have dept and the assets are now worthless. With either a loan or capital lease you will still be accountable for all expenses. However, with a rental agreement, you are covered – the rental company will fix or replace your equipment. About Us As a provider of short-term AV hire and computer services, Hamilton Rental has made a stellar reputation in helping businesses manage their IT assets and meeting their temporary technology demands. Since inception in 1972, the company provides customers access to a comprehensive and enviable fleet of IT and AV equipment, event management services and a range of inventory management solutions. With a team of highly skilled specialists, you can rest assured that our broad range of services will help you manage your business’s technology estates and meet your business demands. For further information visit: https://www.hamilton.co.uk/.

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