Advertorial: Lease vs Buy - what’s the best option?

All businesses are constantly making purchasing decisions. Whether it is new computers or office equipment, machinery for a factory or a fitting out a retail outlet, there are many buying decisions that need to be made. Many business owners do not realise that many items could actually be leased instead of bought.

Did you know you could lease your software and additional upgrades? Or that your total office fit out could be leased and paid in monthly instalments instead of a lump sum?

There are many benefits to leasing that need to be considered. Some of these advantages include:

Upgrade as technology changes
If you find that you need to upgrade to newer technology, you can easily upgrade your equipment if you are leasing. If you had bought the equipment or software you would be left owning it and needing to offload or dispose of it. It is easier when you don’t have to worry about the equipment at the end of its useful life. LeaseChoice ensures the disposal of your item in an environmentally friendly manner.

Easy monthly payments
Instead of blowing a hole in your cash flow with a lump sum payment, when you lease an item, the amount is paid monthly over the term of the lease.

100 percent tax deductible
Did you know that your monthly repayments are a tax-deductible expense? The amount does not come out of your capital budget and hence does not affect your balance sheet.

Lease vs Buy Analysis
LeaseChoice has been offering business equipment leasing to Australian companies for over 10 years and has a team of advisers who can assist in your financing decision.