The overall cost of buying and using your own equipment in the office, at home or even on the road can cost you more than money. By the time you figure out what products are best, what youre most likely to need and use all the while keeping up with your clients demands, youve probably lost more business than youve earned. Business today is about change"essentially, you can change the fastest with the times and keep up with market demands with better equipment. Leasing equipment makes sense in business for the short and long term.
First and foremost, the most important benefits to leasing rather than owning your equipment is cash; lets face it, the more cash you can put to advertising, the better. The more money you dont waste in owning your equipment can be directly put back into the business, so you can reach more people. When money is fully paid for equipment"printing equipment, for example"that money is given to another business and is lost entirely to you"the money can never be put back into your own business. Rather than make a (perhaps) bad investment, put the money into true investments that will pay off in the long haul; your own company, surely, could use more working capital or more money for advertising and trips.
When you go to the bank to obtain financing for your business, they are going to tell you what they have to offer you. When push comes to shove, you wont have any leverage to secure a smaller borrowing percentage for what you borrow. Not true for leasing equipment. The company youre leasing the equipment from wants your business"thats how they make money (banks have plenty of money to throw around these days). When you lease, you have more flexible terms and when negotiations get rolling, youll have some say in both the amount of payments youll make, how long youll make the payments and what leasing the equipment entails. More often than not, youll get the equipment with good or bad credit, and the deals will be flexible. Try doing that at the local bank.
Once the equipment you use becomes obsolete, then what? When you lease the equipment rather than own it, youll be able to upgrade to newer equipment at a fraction of the costs once your lease expires. Rather than take on the millstone yourself, pass it on to someone else. This sort of lease becomes thrice as important if you plant to buy (or lease) equipment that is soon to be outdated. Computers, palm pilots, hand computers, laptops, printers and projectors are just a few of the expenses that you can slash by leasing. In a year or two, youll have new equipment on the way for the same amount of cash. You know the amount your spending, and where youre spending it, over a longer period of time. The allocation of funds is thus predetermined, set and exact.
When you actually own the equipment you use in your daily workings, you will eventually be paying for upkeep, maintenance and, essentially, the ownership. Another benefit of leasing equipment, then, whether its the delivery truck or the office furniture, is the money saved by paying only for usage and not ownership. When you rent equipment, as a general rule, youll only pay for the months you use the merchandise (and perhaps the first and last months lease cost). You no longer have to wait in the ever increasing long-line for financing at the bank. Leasing can be ready in less than a day, from approval to delivery of the newest business utensils. The payment plans are often more varied, longer termed and customized to fit your desire.
When you lease rather than own the equipment you use for and in your business, your immediately creating revenue. You are using equipment that you didnt pay for to make you money, essentially. Moreover, your monthly payments to the leasing company are set and known. There are no surprise fees, save for the processing fee of starting up with any company. If you consider the equipment leasing company as your partner, then youll see that they are actually helping you make money. Over time, leasing saves money for both the large and small business. As Benjamin Franklin once said, A penny saved is a penny earned. Thats always true!
First and foremost, the most important benefits to leasing rather than owning your equipment is cash; lets face it, the more cash you can put to advertising, the better. The more money you dont waste in owning your equipment can be directly put back into the business, so you can reach more people. When money is fully paid for equipment"printing equipment, for example"that money is given to another business and is lost entirely to you"the money can never be put back into your own business. Rather than make a (perhaps) bad investment, put the money into true investments that will pay off in the long haul; your own company, surely, could use more working capital or more money for advertising and trips.
When you go to the bank to obtain financing for your business, they are going to tell you what they have to offer you. When push comes to shove, you wont have any leverage to secure a smaller borrowing percentage for what you borrow. Not true for leasing equipment. The company youre leasing the equipment from wants your business"thats how they make money (banks have plenty of money to throw around these days). When you lease, you have more flexible terms and when negotiations get rolling, youll have some say in both the amount of payments youll make, how long youll make the payments and what leasing the equipment entails. More often than not, youll get the equipment with good or bad credit, and the deals will be flexible. Try doing that at the local bank.
Once the equipment you use becomes obsolete, then what? When you lease the equipment rather than own it, youll be able to upgrade to newer equipment at a fraction of the costs once your lease expires. Rather than take on the millstone yourself, pass it on to someone else. This sort of lease becomes thrice as important if you plant to buy (or lease) equipment that is soon to be outdated. Computers, palm pilots, hand computers, laptops, printers and projectors are just a few of the expenses that you can slash by leasing. In a year or two, youll have new equipment on the way for the same amount of cash. You know the amount your spending, and where youre spending it, over a longer period of time. The allocation of funds is thus predetermined, set and exact.
When you actually own the equipment you use in your daily workings, you will eventually be paying for upkeep, maintenance and, essentially, the ownership. Another benefit of leasing equipment, then, whether its the delivery truck or the office furniture, is the money saved by paying only for usage and not ownership. When you rent equipment, as a general rule, youll only pay for the months you use the merchandise (and perhaps the first and last months lease cost). You no longer have to wait in the ever increasing long-line for financing at the bank. Leasing can be ready in less than a day, from approval to delivery of the newest business utensils. The payment plans are often more varied, longer termed and customized to fit your desire.
When you lease rather than own the equipment you use for and in your business, your immediately creating revenue. You are using equipment that you didnt pay for to make you money, essentially. Moreover, your monthly payments to the leasing company are set and known. There are no surprise fees, save for the processing fee of starting up with any company. If you consider the equipment leasing company as your partner, then youll see that they are actually helping you make money. Over time, leasing saves money for both the large and small business. As Benjamin Franklin once said, A penny saved is a penny earned. Thats always true!
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