3 Things to Know About Office Equipment Leasing

Hands holding a phone which reads equipment leasing in a conceptual bubble

There's a lot to know about office equipment: makes, models, features, functions--the list goes on. However, one thing many companies forget about until the last minute is how they're actually going to get these machines. Luckily, that's where office equipment leasing comes in.

Office Equipment Leasing: The Basics

Simply put, leasing office equipment is a way to get your hands on some of the latest and greatest in office tech without having to jump through all the hoops of a complete purchase. It's much the same process as leasing a car:

  • You research the make and model you want.

  • You find a dealer who's open, honest, and reliable.

  • You select office equipment from the dealer's lineup.

  • You sign a lease agreement.

  • In some cases, you pay a down payment; other times, this isn't required.

  • You make monthly payments.

  • When the lease is up, you return the equipment.

Although leasing comes with financial considerations like interest that can make it more expensive in the long run, it's also a far more accessible way to get the office equipment you need without having to save for years.

##Office Equipment Leasing: The Details

Now that you know the basics, let's get into the details. Here are three key things to know about office equipment leasing:

#1: Your business credit score matters.

Just like leasing a car, an office equipment lease comes with rates that are determined by your credit score. In this case, that's your business credit score (which means personal finance doesn't need to be a concern).

#2: You can often upgrade your equipment.

Many lease agreements allow you to switch to newer office equipment at certain points. This allows you to stay up-to-date on all the latest technology without having to purchase it yourself every time a new model is released.

#3: Many dealers offer service packages.

Maintenance and repairs are a big part of owning office equipment--but when you lease, those tasks can be handled by your dealer. Just make sure to get that service package if it's offered!

In conclusion, office equipment leasing is often the best way to get the machines you need at a price that doesn't break the bank. You can even upgrade your machines and get service packages to make the experience even more beneficial.

Ready to learn more about office equipment leasing? Contact us today to get started!

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