Is it better to lease or buy office equipment?
I have been put in charge of finding the most cost effective scanner or copier/scanner for the Office. Is it more cost effective to buy the scanner outright or lease one and pay a per copy fee?
It really depends on how long you are planning on keeping the equipment for, and the current cash flow situation of the company. If you are intending on keeping the equipment for say 24 months, and then getting new equipment, it might make sense to lease, and let the leasing company take the equipment back after the term of the lease. If it might be something to hold onto a bit longer, it probably ends up being something to purchase outright.
Also, another item to take into consideration is the current cash flow situation. If you cannot afford to put the amount of the purchase down right now, you have no choice but to lease. If you can afford it, it’s better to purchase it, unless you want a possible tax deduction on the interest.
Good luck!
It really depends on how long you are planning on keeping the equipment for, and the current cash flow situation of the company. If you are intending on keeping the equipment for say 24 months, and then getting new equipment, it might make sense to lease, and let the leasing company take the equipment back after the term of the lease. If it might be something to hold onto a bit longer, it probably ends up being something to purchase outright.
Also, another item to take into consideration is the current cash flow situation. If you cannot afford to put the amount of the purchase down right now, you have no choice but to lease. If you can afford it, it’s better to purchase it, unless you want a possible tax deduction on the interest.
Good luck!
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