Equipment Leasing: Top 10 Tips for the New Business Owner
When it comes time to create a budget, most new business owners go straight to the cost of buying office equipment. However, there is a much more cost effective alternative for the startup companies on a budget—equipment leasing. According to Advantage Leasing Corporation, the U.S. Department of Commerce reports that about 31% of all equipment used by businesses is leased, and this number will only continue to grow. Most new business owners are surprised to find just how many different kinds of office equipment can be leased. You can lease anything from computers to cars to copy machines, and there are many instances where leasing can actually be more cost effective than buying. Although it’s best to buy a product that you know you will have for a long time if you have the money, leasing is a great way to get started.