Here’s a question that always pops up when considering an office equipment upgrade: should you lease or buy? This choice can affect your cash flow, your company’s ability to keep up with newer tech, and even significantly improve how quickly your team can get things done.

If you need help figuring out whether you should lease or buy your office equipment, we’ve got you covered. We’ve helped Arkansans make smart and strategic equipment decisions for over 30 years. We’ve compiled a list of things you should be aware of in order to weigh the pros and cons of leasing office equipment, so you can find the option that best suits your business needs.

 

The Pros of Leasing Office Equipment

1. Low to No Upfront Costs

Just starting to get your foot into business? Leasing is ideal if you want to avoid spending a large amounts of money upfront. Instead of paying a thousand dollars for a piece of equipment you think your business may need, leasing it instead can help you gauge whether it’s something you and your business actually want and can help you spread out the costs into manageable monthly payments.

2. Access to New Technology

Some businesses may not have the ability to buy the latest and greatest in office equipment, especially at the rate that technology is evolving. Leasing allows you to upgrade every few years instead of every time a new set of features come out, so you’re never going to be stuck using printers, copiers, or scanners from a decade ago.

3. Leasing Comes With Maintenance

Lease agreements often include service and maintenance, such as the ones we offer here at CBE. That means you have less downtime on unexpected equipment breakdowns, and less money spent on repair bills.

4. Predictable Budgeting

A fixed monthly payment allows you to plan your monthly budgets easier. Avoiding surprise expenses means you garner huge savings, which is a huge win for businesses that are still looking to grow.

 

The Pros of Buying Office Equipment

1. Full Ownership

Once you decide to purchase your equipment, it’s yours. No need for monthly bills or contracts, just one payment and you have full access and control. Whether you upgrade, modify or resell, you can do with your equipment whatever you please.

2. Long-term Savings

Investing in a higher grade of business equipment in order to prepare for the future means you save more money long-term instead of leasing over time.

3. Tax Incentives

A little known fact about office equipment is that they actually make you eligible for certain tax deductions, such as Section 179, of course, that depends on how you make use of your equipment and how much you decide to invest.

 

Which Option Suits You Best?

There is no one-size-fits-all answer when it comes to deciding whether leasing office equipment or buying it is best. Leasing office equipment works great for businesses that are either just starting out, want flexibility, seek constant upgrades, or are looking for more predictable costs to monitor cash flow. Buying office equipment can be the better move as well if you have the capital and want full control over your equipment, and have an eye for long-term savings.

Still can’t figure out which suits you best? We offer free consultations to help you make the right decision.

 

Making the Smart Choice for Your Office Equipment Needs

We care about you and your business. If deciding whether to lease or buy equipment is posing to be a struggle due to how much it can impact your company efficiency, cash flow, and growth, we’ve got your back.

If you’re located in Little Rock, Sherwood, or anywhere in Central Arkansas, Central Business Equipment is here to help. We can help you find the right fit for your company’s needs, with personalized recommendations, full installation, and even employee training.

Contact us today at (501) 833-8150 or email us at info@centralbe.com to explore the smartest path for your business when it comes to leasing or buying office equipment.