Why should one rent Information Technology products?
Why should one rent Information Technology products
?
At times, renting equipment creates is more logical than purchasing, particularly if you require the equipment for extended time frame
Here are some incentive of renting equipment
Cash Impact
1. There is no fund outflow which frees up cash for other working capital requirement
2. It is like an added line of credit or extra working capital for the business
3. The equipment is financed at a fixed rate for the tenure of the lease. i.e. the monthly payments will not change.
Accounting Impact
1. Simplified accounting procedures via monthly invoices
2. Hire payments fit within your operating budget, eliminating the need for capital expenditure approval
3. There is less paperwork needed for funding approval and personal guarantees are not required
4. Leases are a form of off-balance sheet funding, without affecting your capability to take loan
5. renting improves the ROI & ROA financial ratios
Technology Ownership
1. You are not allocating funds in swiftly altering and technology that decrease in value
2. You are paying for the product as you use it
3. By eliminating the hassle and cost of ownership, hiring allows you to focus on your core business
4. leasing is a hedge against inflation you can have leading edge technology of today and pay for it with tomorrow's dollars
5. Avoid outdated technology and control the technology platform lifecycle
6. There are no repair tasks that come with buying of equipment
7. The trouble of selling used office equipment are eliminated
Income tax Effective
1. Expenditure for hire is normally income tax deductible. Note Please check with your local tax authorities
What Can You Rent ?
Generally, any good sized company will be able to provide you with the following IT equipment on hire :
1. Servers from low end to mid or high end.
2. Workstation Computers from low end to mid/high end.
3. Notebooks to Notebooks & Apple Macbooks
4. PC , Mac, AMD
5. Printers Laser, Inkjet, MFD, Network printer, Color laser printers
6. Copiers Entry level to mid level
7. Scanners Entry level to mid level. AFD and Duplex
8. Video Projectors of 1500 ansi lumens to 5000 ansi lumens
9. Sound System for about 25 people to 1000 people.
10. Plasma TV 32 inch to 42 inch
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