Office equipment is vital to keeping the office running. Many companies consider whether they should rent that equipment or buy it outright. There are pros and cons to both choices, but the particular circumstances of your business should dictate which of these options is the best choice.
Your Furniture Budget
The first step in the decision is to decide on a concrete budget for office equipment. If there are a lot of machines needed and your budget is low, renting the items can be a great option. This allows you to get the equipment you need now without needing a large outlay up front. If you have a large furniture office machine budget, buying it up front could be the better option. This allows you to get everything you need in the office without paying any more for keeping it in the office.
How Long Should It Last?
When you have a long-established business, or simply one that is highly successful, you can count on staying in the current office for years to come. When this is the situation, it's often better to buy the needed equipment. Because it will be bought outright and used for as long as you like, you can keep it in the office for decades without having any new equipment expenses. However, if your company moves and/or changes a lot, renting the equipment might be better. This will allow you to send the machines back when needed and to change what you are renting as your company's needs change.
If you are counting on having the latest, cutting-edge office equipment available to your employees, buying the equipment will mean that you have to keep it even when technology advances and there are newer models on the market. If you rent the machines for this reason, you can trade in your rentals for newer models that will offer the latest features you're looking for. If the current features and functions of office equipment are performing well for your company and you don't need newer features, purchasing outright makes more sense.
When you want to find out about the current equipment models on the market, contact us to discuss whether you want to buy or rent those machines.