When it comes to running a business, purchasing the equipment you need can be a significant expense. Whether it's computers, printers or hydration solutions like water coolers, coffee machines, water boilers, or vending machines, the cost of acquiring and maintaining these items can add up quickly. However, there's an alternative to purchasing outright that can save you money and hassle - leasing equipment.
Here are some reasons why leasing equipment is a smart choice for businesses of all sizes:
Lower Upfront Costs
One of the primary benefits of leasing equipment is the lower upfront costs. Rather than paying for equipment outright, leasing allows you to spread the cost over a longer period, typically between one and five years. This means you can get the equipment you need without having to pay a large sum upfront, freeing up cash for other areas of your business such as marketing, inventory, or hiring.
Fixed Payments
When you lease equipment, you'll typically make fixed monthly payments. This makes it easier to budget for the cost of equipment, as you'll know exactly how much you'll need to pay each month. In addition, you'll avoid the unpredictable costs associated with owning equipment, such as unexpected repairs or maintenance.
Upgraded Technology
When you purchase equipment outright, it's yours to keep for as long as you want to use it. However, technology and equipment can quickly become outdated, making it difficult to stay competitive in your industry. Leasing equipment allows you to access the latest and most advanced technology without the hassle and expense of purchasing and disposing of outdated equipment.
Tax Benefits
Leasing equipment can also offer tax benefits for businesses. Lease payments may be tax deductible as a business expense, which can help to reduce your business's tax liability.
Hassle-Free Maintenance
Owning equipment means you're responsible for its maintenance and repair. This can be a significant expense and hassle, especially if you're not familiar with the equipment or don't have dedicated maintenance staff. When you lease equipment, the leasing company typically handles maintenance and repairs, saving you time, money, and hassle.
Overall, leasing equipment, including office water coolers, commercial coffee machines, water boilers, and vending machines, can save your business money and hassle. By spreading the cost over a longer period, making fixed payments, accessing up-to-date equipment, and enjoying hassle-free maintenance, leasing is a smart choice for businesses of all sizes.
At FWC, we have a range of leasing options on a huge number of products to suit any budget. To discuss your options speak to a member of our helpful team today on 01827 870 098 or contact us and we’ll be happy to help.
Remember, we’ll beat any like-for-like quote with our best price promise and our 100 day money back guarantee gives you total peace of mind on all purchases.
Still not sure? Take a look at what some of our happy customers have to say on Trustpilot.