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Leasing, A Strategic Move?
Staying competitive requires businesses to continually refresh their technology. However, outright purchasing new hardware and software can be expensive and often ties up valuable capital. Leasing technology and equipment offers a smart alternative, providing financial advantages, flexibility, and protection against obsolescence that today’s businesses need.
Misconceptions about Technology and Equipment Leasing.
Misconception 1: Leasing is more expensive than buying
In today’s market, leasing can actually be the more cost-effective choice. With multiple payment options and volatile interest rates, predictable monthly lease payments often deliver better value than large, upfront purchases.
Cash Flow Management:Leasing provides low, steady payments that make cash flow easier to manage compared to lump-sum purchases.Total Cost of Ownership:Ownership comes with unpredictable maintenance and repair costs. In contrast, many leases include support services, reducing surprises.
Misconception 2: Leasing is only for businesses that can’t afford to purchase
This couldn’t be further from the truth. Leasing is a versatile solution designed for businesses of all sizes and financial positions.
Strategic Financial Decision:Many financially stable businesses choose leasing technology and equipment as a strategic financial decision to maintain liquidity and flexibility, keeping capital free for growth.Risk Mitigation:Leasing reduces the risk of owning rapidly depreciating assets. With technology changing fast, it keeps you from getting stuck with outdated equipment.
Misconception 3: You don’t own the equipment
Not owning equipment can actually be an advantage. Leasing gives you options that balance flexibility with ownership opportunities.
Ownership Alternatives:By leasing, you can stay current with the latest technology while avoiding the burden of ownership.Purchase Options:Many leases let you buy equipment at the end of the term, often at an affordable rate, giving you control over the final decision.
Misconception 4: Leasing terms are inflexible
Leasing is designed to be adaptable. Agreements can be structured to meet a wide variety of business needs.
Customized Agreements:Payment schedules, lease lengths, end-of-term options, and add-ons can all be tailored for your business.
Misconception 5: Leasing is complicated and time-consuming
Modern leasing programs are far from difficult. In fact, they are often easier and faster than purchase approvals.
Streamlined Processes:Many partners offer straightforward applications and use tools like DocuSign to speed approvals.Dedicated Support:You’ll often receive personal support to guide you through the process from start to finish.
Misconception 6: Leased equipment is low quality or outdated
Leasing actually makes it easier to access top-quality, brand-new technology.
Access to Latest Technology:Because leasing avoids heavy upfront costs, your business can adopt newer solutions more often. That means you’re always equipped with the best technology for your needs.
Let Barcom Help You Choose
At Barcom, we focus on delivering the technology and automation tools that keep your business moving forward. Through our trusted financing partners, we’ll connect you with leasing programs that make upgrades affordable, flexible, and risk-free.
4136B Jersey Pike, Chattanooga, TN 37421
Phone (423) 855-1822 | Fax (423) 499-6317
sales@barcominc.com
CONTACT US
BARCOM, INC. • sales@barcominc.com • 423-855-1822