Obtaining Office Supplies and Equipment
Buying Office Equipment vs. Leasing Office Equipment
Any business or office has many options when it comes
to obtaining office equipment. This could be going
to an office supply store and buying the products
needed or leasing the office equipment from an office
supply leaser. Both ways have advantages and disadvantages.
There are other ways to obtain office equipment, but,
buying and leasing is two of the most popular ways.
There is always the option of financing, but this
requires a down payment.
The Advantages and Disadvantages of Leasing Office
When a business if first starting, it may be difficult
to afford and/or finance office equipment, so the
next logical thing to do is lease the equipment. Leasing
allows an office to get the products and/or equipment
needed by renting it. The advantage of leasing is
that there is usually not a financial history check
or a huge deposit required, so, it will end up freeing
up money until the office can buy the equipment. Another
advantage in leasing is if an office only needs the
office supplies/equipment for a short period of time
leasing will allow the office to rent the equipment
for as long as needed, usually from one to five years.
On the other hand, there are disadvantages to leasing
office equipment. One of the disadvantages is that
you are making a payment every month. For some leasing
companies, even if the office is not doing well financially,
the office is obligated to continue making the payments
throughout the timeframe of the original lease contract.
Also, when leasing an office product, in some cases
the person renting the product will have to pay for
the upkeep of the product. Leasing office equipment
could be a rent to own type of contract or returning
the product after a specified amount of time.
The Advantages and Disadvantages of Buying Office
Buying office equipment is a great way to obtain
the office products needed. One of the greatest advantages
to buying office equipment is that the individual
or office owns the product. Plus, once the office
equipment is owned it is usually tax deductible in
the first year. There are many disadvantages to buying
office equipment as well. Some office equipment, like
computers, may get on the technology back burner as
more advanced products are invented. Then there is
the cost of buying office equipment, even if one finances
it. The upfront costs may be extremely high and there
may be up to a twenty percent down payment required
when financing office equipment. The resale values
of office equipment may be noticeably lower than the
purchase price. Still, with all of the disadvantages,
owning office equipment is a great thing because there
is complete discretion as how to treat, sale, or use
the equipment, meaning, an individual or office does
not have to answer to someone else when the office
product or products are owned.