An office requires a huge number of equipments for their human resource to work on. Some of the office equipments which are present in almost all offices are a number of computers, scanners, copiers, printers, servers, shredders, laminating machines, fax machines and many more.
All businesses often wonder if they should rent all the above mentioned office equipment, or should permanently buy them. It is noticed that businesses are often opting for renting office equipment these days.
Here are the advantages of renting office equipment rather than buying it:
1. Avoid obsoleteness
Technology is changing rapidly these days and what you buy today becomes obsolete by the next month. It makes less sense to buy equipment in this case. Renting the equipment increases the flexibility to replace the equipment as and when required. It will also keep your office modern and updated.
2. Retain mobility
It is easier to shift offices when required, to a different locality or a different city if most of the equipment is on a lease. It is difficult to move your office along with the equipments and ensuring that they work fine post the moving out.
3. Service additions
Many leasing services offer the installation, maintenance and other services to the offices leasing equipment from them.
4. Free capital
A lot of capital will be saved which can be used for the business’s other investments if they choose to lease the office equipment instead of buying it.
5. Tax Benefits
The rental for the equipments is an operating expense of the business. Thus business will benefit by the taxable deductions on its lease payments over the entire term of the lease and will be paying less tax.