Sometimes, leasing equipment makes more sense than buying, particularly if you want the product for long periods
Here are some advantages of leasing products
Cash Impact
1. There is no fund outflow which frees up fund for other working capital requirement
2. It is like an added line of credit or extra working capital for the business
3. The product is financed at a flat rate for the tenure of the hire. i.e. the monthly expenditures will not change.
Accounting Impact
1. Simplified bookkeeping procedures via monthly bills
2. Hire payments fit within your operating budget, remove the need for capital expenditure approval
3. There is less paperwork required for funding approval and personal guarantees are not required
4. Rents are a form of off-balance sheet funding, without affecting your capability to borrow
5. leasing improves the ROI & ROA financial ratios
Technology Ownership
1. You are not investing funds in rapidly changing and technology that decrease in value
2. You disburse for the equipment as you use it
3. By removing the hassle and TCO, hiring lets you concentrate on your core business
4. hiring is a hedge against inflation – you can have cutting edge technology of today and pay for it with tomorrow’s dollars
5. Avoid technology obsolescence and control the technology lifecycle
6. There are no repair responsibilities that come with ownership of equipment
7. The hassles of selling used office products are abolished
Income tax Effective
1. Disbursement for rent is normally tax deductible. Note Please check with your local tax authorities
What Can You Rent ?
Typically, any larged IT Rental Company will be able to provide you with the following Computer equipment on lease :
1. Server Computers from low end to mid or high end.
2. Workstation Computers from low end to mid/high end.
3. Laptops to laptops & 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. PA systems for about 25 people to 1000 people.
10. Plasma Monitor 32 inch to 42 inch
Rank Computers is Indias leading computers leasing company. We are primarily focused on computers rental, laptop hire, desktop rentals, server on rent, desktop on rent, projector rental, apple pc and laptops on hire, other Audio Visual and IT equipment at best prices.
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