Dell Storage

Leasing IT Hardware Vs. Buying: Which Option is Right for You?

When determining whether to lease IT Hardware or buy new equipment, be sure to look at the advantages and disadvantages of both:

Leasing Advantages:

  • Keep your equipment up to date and avoid technology obsolescence
  • Predictable monthly expenses help you budget more effectively
  • Paying nothing upfront  for those businesses that struggle with cash flow

Leasing Disadvantages:

  • In the long run, leasing in more expensive
  • You keep paying even if you stop using the equipment

Buying Advantages:

  • It’s easier than leasing with less paperwork involved
  • You control your equipment maintenance schedule
  • Your equipment is tax deductible

Buying Disadvantages:

  • The cost of the initial outlay for equipment may be too high
  • Equipment is eventually outdated
  • Lessened ROI

As no business is the same, it’s important to consider what’s best for your organization. Be sure to ask questions regarding lease agreements and warranties.