|
Leasing Technology
Some of the many benefits to leasing technology are first there is no
upfront payment.
Second, leasing does not affect your existing line of credit, and third
many lease payments are tax-deductible.
Many leasing technology contracts offer buyout options. This allows you
to purchase the equipment at the end of the lease term if you so desire.
Having this option in your lease is an excellent idea, but the details
should be spelled out before you sign the lease agreement. These terms
should include a set dollar amount, and a clause for the fair market
value.
There are several factors you should consider before deciding to
purchase or lease technology. First, advancements in technology
change rapidly. Computers are getting faster and faster every time a new
model is released. When you chose to buy, it becomes more difficult and
expensive to keep up with these advancements. Leasing technology on the
other hand offers an affordable option.
When leasing technology, you need to balance the length of your lease
with the life span of the equipment. For instance, you do not want to be
paying for the equipment long after it has lost its usefulness, nor do
you want small monthly payments, which will cost you more in interest.
Contacting us and disclaimers |
