Advantages of Renting vs Buying Office Automation Equipment

Advantages of Renting vs Buying Office Automation Equipment

Renting office automation equipment is the industry standard when it comes to purchasing business printers. The capital outlays required for purchasing office automation equipment can be substantial and therefore not possible for some businesses. Renting business printers as opposed to buying them outright can assist with this and provide businesses with the cash flow preservation they may need.

1. Cash Flow Conservation

When you place your essential office automation equipment on a rental, there is no deposit required and no significant cash outlay from your cash flow. You can now use your cash more effectively by investing it, rather than using it for business infrastructure.

2. Off Balance Sheet Financing

Properly structuring your office automation equipment rental results in additional benefits which has immense implications on the business’s profitability.

3. Flexibility

Being flexible when it comes to payments, upgrades and the addition of more technology to meet your business’s needs means that a rental solution allows you the freedom to expand and grow your business at your own pace.

4. Reduced Total Cost of Ownership (TCO)

Total Cost of Ownership should be calculated by all institutions. Even a single business printer has cost factors associated with it and one must be aware of the effect that purchasing has on the total cost of ownership. Managers are advised to use a least an average cost per office automation device to plan for expenses and allow for comparisons in the decision-making process.

5. Credit Line Preservation

Renting allows you to preserve the available credit from your bank for additional working capital, operations, expansion and acquisitions. When conducting office automation equipment financing through your bank, you usually exhaust your available credit which is not a good option for any business wanting to grow.

6. Easier Budgeting

Having the expenses amortized over the rental term allows your organization to effectively budget over the term of the office automation equipment rental. This means that you always know exactly how much cash you have available each month and can better plan your finances accordingly. Efficient planning leads to profit increase.

7. IT Asset Lifecycle Management

Hardware and software assets, like any other assets are acquired and then eventually retired. A rental solution manages the lifecycle of the asset through Procurement, Deployment, Upgrades, Maintenance and, finally, Retirement. This reduces your costs as well as your risks, while increasing your service quality. Literally a cradle to grave service for the office automation equipment.

It is evident there are many benefits that come with renting office automation equipment. Sharp Centre Online offers fixed term rentals over 12, 24, 36, 48 and 60 months with the option of 0% or 15% escalation.

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