Opening up a new office or establishing new operations is costly to say the least. From computers, to photocopiers, desks and everything else, it adds up. And chances are, you don’t really want to pay cash or put everything on the company credit card.
So what’s an office manager to do? How can you always keep up with the latest advancements in technology and updated equipment without breaking the bank? Equipment leasing may be just the remedy you didn’t know you needed.
Here are 3 Reason why you should consider leasing your equipment over cash, credit or any other kind of payment plans.
- Keep the cash in your pocket, or better yet, in the company bank account.
Shelling out $3,000 to $10,000 all at once on one piece of equipment may be out of the question. Who knows how long you’ll even need that equipment in your office before it becomes obsolete? Leasing allows you to conserve your working capital for more important expenditures, such as your day to day operations. Once you’re done with the machine, why not trade up for a newer piece that’ll fit your company’s needs? It’s that easy.
2. Expense it. This is most definitely a cost of doing business.
Why keep depreciating assets on your books? Sure, you can write off depreciation but monthly lease payments are straight business expenses that you can write off as tax deductible against your current earnings. By not taking on such a debt using credit, leasing provides a much more attractive balance sheet. Flexible payment terms are a plus.
3. More than just the cost of equipment can be financed.
Bet you didn’t know that you can lease not jus the physical equipment, but also shipping and installation. Even expensive software can be leased! The option to have a low, predictable monthly payment will provide you with the piece of mind you need to run your business.
Have an item or few you’d like to lease. Let me know what it is and I’ll see how I can make it happen and get a speedy answer for you. Whether you’re thinking of starting a side hustle but the start-up costs look daunting, let’s work out a solution for your that’s manageable.