What You Should Know About Computer Leasing [aboutcomputer99.blogspot.com]

What You Should Know About Computer Leasing [aboutcomputer99.blogspot.com]

Question by tlmjapan: What are the names of computer leasing companies that will work with individuals.? I am able to find leasing companies that will work with me if I owned a business, however I am looking for one that will give me a lease so that I can get my own computer. Best answer for What are the names of computer leasing companies that will work with individuals.?:

Answer by Kalei
Blue Hippo

Answer by russ s
try rent-a-center (rac)

[computer leasing]

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Businesses require up-to-date technology for maximum work efficiency. Keeping up with the technological advancements by purchasing new equipment will cause a drain in your finances. To remain both technology as well as cost competitive, businesses depend on computer leasing. Leasing computer equipment has a lot of advantages over buying new equipment.

Benefits of leasing computers

Leasing computer equipment has a number of financial benefits. As opposed to purchasing, when you lease computers, you don't have to pay a huge upfront cost. The payments can be made over a period of time according to the payment plan you choose. Leasing equipment allows you to maintain your working capital and meet other important or emergency expenses. You also don't have to pay initial costs to source the equipment as there is no down payment for computer leasing.

When you are starting a new business, getting a lease is easier than getting a loan to fund your equipment. For loan application, the bank often requests for your financial records. Leasing companies only require your previous six to twelve month credit history. Depending on the type of lease, you may also get tax benefits. As the equipment is used for business purposes, the rent paid will be fully tax deductable.

Leasing allows you top acquire the latest computers at reasonable cost and enhance work efficiency. The leasing company will take care of equipment maintenance and repair. You can also get equipment upgrades at a nominal or no fee. Some companies even give their clients the option of buying the equipment at a good rate once the lease period ends. As the equipment is returned to the leasing company at the end of the lease term, you don't have to worry about storage or environmentally-safe disposal issues.

Things to remember before leasing computers

Before you go for computer leasing, assess your computer needs and financi al status. Based on these findings decide whether you want to lease computers or not. Take advice from a tax consultant about the tax implications associated with leasing and choose a plan that gives you maximum tax benefits.

Seek out a company that is willing to lease computer equipment at an affordable rate and for the required time period. Before signing the lease agreement, find out all the hidden and other costs. Also find out if the equipment provider offers maintenance and upgrading service as part of the lease contract.

Difference between renting and leasing

Computers can be rented for any period of time. Rental companies offer short-term (daily, weekly) and long-term rentals (monthly, yearly). When you lease a computer, it is usually for a year or more. Both renting and leasing are convenient and cost-effective ways to source technology. Computer leasing, however, gives tax benefits to the users as the amount paid for the lease is completely tax deductable. As far as renting is concerned, you can cancel your rental agreement without incurring any penalty but a premature lease termination is sure to attract a penalty.

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