Lease Rental of IT Equipment

What are the advantages of leasing IT equipment?

We are seeing more and more customers choosing to lease their IT equipment rather than opt for outright purchase.  Even for clients that have the cash sitting in the bank there are plenty of good reasons to opt for lease finance.

As well as being a cash-flow-friendly way of budgeting and paying for the equipment as you use it, lease repayments can usually be offset against your profit and loss account meaning that a finance lease is often far more tax efficient than outright purchase.  We recommend that you ask your accountant which would be best for your business.  

Micro Plus Computers can offer your business very competitive lease rental prices through our finance partner CIT Group.

Cash flow

Cash flow is king - because of the large outlay involved in purchasing new IT equipment, many businesses choose to lease in order to conserve capital. It makes sense to keep money that can be used to purchase stock, for marketing, for expansion or to pay additional personnel rather than purchasing equipment that reduces in value over its useful lifecycle.

You would not choose to pay an employee three years wages up front.  You pay employees as they work for you – why not do the same with your IT equipment?

Tax

Lease rental payments can be deducted as a business expense on your tax return. Leasing is generally advantageous to most businesses and it has good tax benefits – most businesses can usually deduct their monthly lease payments as an operating expense. Check with your accountant.

Leasing is easy

It is very often easier to get lease finance than it is to get a bank loan or overdraft facility.  It also keeps other lines of credit open to your business rather than using them up on IT hardware.

Keeping your equipment up-to-date

One of the main reasons to choose a lease is that you always have access to the latest technologies. 

The lease contract that we offer allow you to upgrade your equipment during the life of the lease term.

Leasing IT equipment makes good economical sense. Why use your own money when you don’t need to? 

At the end of the lease the assets can be handed back with no further payments due, or at the end of the agreement you can take ownership of the equipment for a final nominal payment normally equivalent to one additional months payment.  

Micro Plus Computers can offer your business very competitive lease rental prices through our finance partner CIT Group.  We regularly supply and maintain computer equipment in Oswestry, Wrexham, Chester, Shrewsbury, Whitchurch, Wem, Telford and throughout Shropshire, Cheshire, Mid Wales and North Wales.