Why Lease A Laptop

Even if you can afford to buy business IT equipment outright, offsetting the cost by employing the benefits of leasing over purchasing is very likely to be a more sensible route. The major argument for leasing as opposed to buying is widely regarded to be the fact that it allows the company to retain capital rather than spending in an upfront lump sum, by shifting to monthly or weekly increments, the acquisition of usually costly equipment has a minimised impact on company cash-flow.

Despite this obvious upside, many decision makers in small businesses still opt to dent their capital by buying computers and the like outright, there is a good chance they hadn’t considered the other major reasons for choosing to lease. For continuity purposes, SmartPlan by RentSmart will be referred to for examples:

Simplicity
IT leasing does not require a deposit, nor reams of paperwork or a lengthy wait for contract approval. The whole process can be carried out quickly and efficiently - applications can be taken either online where instant approval can be obtained, or alternatively in any PC World store. Once in store the knowledgeable staff of PC World Business are on hand to assist in the decision making process for equipment choices be it laptop leasing, PC leasing or any other I.T equipment leasing for that matter.

Speed
As opposed to having to wait for a third party decision on a loan or other financing method, leasing, with its speedy qualification process allows the applicant to head into any PC World store immediately after approval and choose the equipment instantly – and about 90% of the time leave the store with all the equipment they. By providing the instore option, there is no need to wait on stock availability or delivery as would be the case with online purchasing.

Affordability
Aside from the obvious fact that the cost of any equipment is spread over a long period of time, there is also the fact that leasing is not subject to interest or any hidden and escalating fees. A monthly cost is established at the beginning of the contract and sustained over the leaser’s choice of either 3 or 4 years. There is no risk of paying over the odds and absolute clarity of price from the outset, so whatever a business’s requirements, they will never find themselves going over budget.

Tax Benefits
As the equipment is used for business purposes then in the majority of cases, rental payments will be 100% tax deductable. There are exceptions, so a quick consultation with a qualified accountant in consideration of specific circumstances is advised.

Article Written By Jamie Lyons on Behalf Of SmartPlan.Info

A Smart Plan for New Businesses

Establishing a new business can be financially draining and time consuming, but can of course ultimately be hugely rewarding. As such, it is no surprise that in the face of an apparently turbulent financial environment, thousands of people still opt to set up their own companies.

There are an abundance of resources available which provide advice upon all aspects of business start-ups, guiding entrepreneurs from their initial concept through to the formal registration of their company. Given the nature of business today however, once registered there are still some serious decisions to be made which can have a major impact on the success, profitability and longevity of a new company. Unlike the actions taken prior to company registration: which follow a relatively standard procedure, many of the decisions required from freshly registered companies are much less clear-cut.

Keeping capital in a company is essential to ensuring stability and avoiding excessive borrowing, as such it is prudent to look at minimising expenditure wherever possible. It is with this in mind that leasing presents itself as a particularly attractive prospect compared to the cash heavy option of outright purchase.

Leasing and renting are established practice when it comes to office space and company cars due to the high outright cost of purchasing property or vehicles. The cash preserving benefits of leasing do however extend beyond these two commonplace forms, I.T equipment leasing in particular stands out as a useful option for recently established businesses. Computer hardware, software and peripherals are an integral constituent of the modern office set-up and are very often both costly and prone to heavy depreciation over time.

When opting to lease IT equipment, not only is the initial outlay considerably lower, but depreciation is no longer a factor, as with a Smart Plan agreement there are options to upgrade your equipment part way through your contract.

For an example of the likely monthly or weekly cost of leasing IT equipment take a look at this simple quote calculator.

Leasing provides some great opportunities for the start up business, even if the business has been trading for just one day they could be approved for up to £3,000 with SmartPlan. If the business has been trading for longer this could be for up to £15,000