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When does it make sense to lease instead of buying technology outright? This decision can be effortless depending on your business needs. If the equipment will be used long-term without expected replacement, purchasing may be the most cost-effective solution.
Leasing can be a better alternative if you feel your technology needs any require change 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. Regardless of motivation, leasing empowers you to easily replace and upgrade obsolescent technology without worrying about initial acquisition costs or how to dispose of it.