5 Benefits of Leasing Your Technology

With the pace at which technology is changing, has the thought ever crossed your mind that you may be better off leasing your equipment vs. buying new every few years? How about the ability to keep cash flow moving in the event of changing business conditions? Of course, there are pros and cons to each, so you really need to determine which path is right for your business. Here are a few benefits of leasing to consider as you begin your lease vs. buy research:

Leasing allows you to stay current with your technology. With a lease, you’re passing the burden of aging equipment along to your leasing company, and turning in your old technology for new when your leasing term expires. This keeps your equipment current, in good working condition and helps you stay ahead of the competition.

Leasing helps you plan a better budget. Wouldn’t we all love to know exactly what things will cost over time without having ‘unplanned’ expenses you didn’t account for? Leasing keeps costs predictable. With a consistent monthly payment, you know that your incidentals are covered. When it breaks, it gets repaired (most common repairs are covered under leasing agreements), when it gets old you turn it in. You also have the option to purchase the equipment if you so choose. Leasing also reduces capital spending and allows you to free up funding for other parts of your business.

Consider the tax benefits. Depending on where your business is located, there may be some tax benefits in it for you. In many cases, equipment leasing is 100% tax deductible as an operational expense. Consult your tax advisor for more information before making a decision on whether to buy or lease.

Take that leap to move your business forward. With leasing, you’re more apt to try newer, more sophisticated technology because your costs are predictable and more affordable than coming up with large sums of cash to purchase outright. If you are planning aggressive growth goals, or are looking for an edge to keep customers satisfied and away from your competition, leasing provides an opportunity for you to trying something new and different that you may have otherwise felt you couldn’t afford.

Ready to try something new today? The Honeywell Dolphin™ CT50 Mobile Computer is an example of cutting edge technology that offers flexibility for your workforce and greater agility for your business. The CT50 offers anytime, real-time connectivity for business-critical applications and data capture capabilities to maximize efficiency and serve your customers more effectively. Leasing the Dolphin CT50 is easy, with payments as low as $272 a month for 6 devices over a 3-year term. Learn more in this Honeywell leasing one-sheet.

Interested in learning more about equipment leasing and its benefits? Contact us today for more information and start planning today for a brighter, more profitable future.