Some Guidelines On Office Equipment Leasing

2007-03-08 10:33:40

( Real Estate )



A large amount of money is required to start up a business. Office equipment such as computers, fax machines, telephones, photocopiers and the like all need to be purchased. Office equipment leasing becomes a practical option for companies that do not have enough start up capital to purchase such equipment. Office equipment leasing is not the only type of leasing that a company can benefit from. Construction equipment leasing, medical equipment leasing and heavy equipment leasing are also other options that a business can consider.

Office equipment leasing gives companies the option to rent certain office equipment at a fraction of the equipment’s purchase price. With office equipment leasing, the cost of the equipment’s repair and maintenance is included in the monthly lease price. In addition, any parts that need to be replaced, are substituted free of charge. A back up unit is provided if the office equipment is found to be beyond repair.

The cost of office equipment leases is normally taxable. A tax professional can however assist you in ensuring that your lease appears as a legitimate business expense. As a result, not only is the payment of taxes eliminated, but also the equipment’s depreciation costs.

A number of factors should be taken to account when looking for an equipment leasing company:

Equipment leasing companies that pressure you into signing an agreement with the company should be avoided. Companies that have a good understanding of your leasing needs should be considered instead.

Lease advances or deposits must only be paid to the leasing company directly. Never provide your payment to a broker or representative of these leasing companies.

Bank, customer, trade and vendor references should be requested from these leasing companies. This is to ensure that the leasing company does not create any problems towards fulfilling the contract.

Some office equipment leases provide you the option of upgrading your equipment prior to the end of your current lease. This is especially beneficial with computer equipment leasing, so it is best to check whether the leasing company can offer this option.

Finally, when office equipment leasing is considered ensure that you read the terms of your contract carefully and understand the maintenance agreement.


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