The benefits of leasing IT equipment for businesses

Written by Sid Collis from Bold IT

Hardware leasing has been growing exponentially over the last couple of years.

The speed at which technology is advancing continues to increase, and this gives businesses a problem – how do you stay at the cutting edge when you’re constantly being chased by obsolescence?

In this blog post, we will be exploring three of the biggest benefits of leasing IT equipment for businesses.

1 Cost-efficiency and financial benefits

One of the biggest benefits of leasing IT equipment for businesses is the pressure relief on their finances.

Unlike buying outright, leasing your equipment spreads the cost over a set period instead. This allows you to utilise your cashflow in other areas to grow your business.

Predictive payments for your technology can be a real game changer no matter how tight the budget.

On top of this, leasing equipment can often be a deductible expense when it comes to accounting and lowering your tax bill.

This creates opportunities for additional reinvestment, making your financial strategy even more agile.

Because the hardware will be leased for a fixed term, obsolescence is dealt with by upgrading to the latest advancement of technology at the end of each term.

2 Flexibility and scalability

With technology evolving so quickly, and showing no signs of slowing down, flexibility is crucial when it comes to your hardware.

Leasing instead of owning offers many options if you need to pivot or adapt to emerging trends and new opportunities, keeping your business agile and safe from the dangers of your expensive tech quickly becoming obsolete.

3 Environmental and operational advantages

Newer technology tends to be more efficient too, as manufacturers around the globe strive to do their bit to reduce their carbon footprint.

The knock-on effect is that by leasing newer equipment, you too could consume less electricity and generate less heat from your devices, lowering your energy usage while increasing the performance and efficiency of your tech.

Leasing also eliminates the need for storing outdated equipment, as leased hardware is returned, refurbished or recycled responsibly at the end of its term.

What hardware is included in hardware leasing?

Desktops and laptop leasing

Printer leasing

Access points and switches

Firewalls and routers 

Servers

We hope this blog has been informative and has helped you see why so many businesses are reaping the rewards of hardware leasing. We can help you achieve this for your business, get in touch.