Buying vs Leasing

The ‘buy or lease’ question is easily answered. If the equipment will be used long-term without expected replacement, purchasing may be the most cost-effective solution.

Leasing will always be a better alternative if you feel your technology will need to be changed during the next few years. Many companies upgrade their technology every two to three years due to shifts in the ever evolving technological environment.  Other companies update as a means to bolster competitive advantage.

But this is a decision that depends solely on your business needs. What’s sure is that leasing empowers you to easily replace and upgrade obsolescent technology without worrying about initial acquisition costs or how to dispose of it.