Direct business machinery includes all equipment used on a day to day basis in businesses and organizations. The commonly used business equipment like Computers, printers, servers, photocopier, shredder, etc. are best when leased instead of buying them in bulk. Purchasing equipment can be very costly especially for small businesses. By leasing the equipment needed for a certain period at a fixed rate it helps spread out the cost for the specified time period. Leasing also helps cut down the maintenance cost that you will otherwise face if you owned the equipment.
Leasing of an equipment offers many advantages that owning doesn’t, it helps reduce monthly payments, the equipment we buy can soon become obsolete when a newer version is released in the market. Leasing equipment eliminates the need for in house technicians as the rental/lease agreement will include service add-ons. An equipment leasing works similar to rental agreements, where you agree to the terms of the equipment vendor and return the equipment, renew the lease or purchase the equipment after the contract expires.
Benefits of equipment leasing
How does it work?
If you decide to lease equipment, then you enter into an agreement with the equipment owner or vendor. Similar to rental agreements, equipment leasing will come with an agreement that states the duration of lease, the equipment is leased and how much is to be paid for it. The lessee can use the equipment without worry until the lease term expires, after which one can renew the lease or purchase the equipment at the current market rate or lower rate depending on the vendor.