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Our Top 5 Tips for Leasing IT Hardware Equipment 

Not sure where to start when it comes to considering the option of leasing hardware for your business? Read our top five tips in our latest blog post.

hardware leasing person using a printer in an office

Leasing hardware for your business can be hugely beneficial. However, before entering into your IT hardware lease, there are a few things to consider. We’re going to run through our top five tips in this blog post to help you make the best choice possible.  

1. Is Lease Hardware Right For Your Business?  

This is the first consideration we’d urge you to make. In many cases, the answer is yes, but it pays to be certain. You need to be comfortable that you can afford the hardware rental payments, and that leasing hardware won’t lead you into debt problems.  

For most businesses and organisations, IT hardware rentals are a great way to spread the cost of the latest hardware, keeping you running at maximum efficiency without occupying your whole annual budget in one shot.  

Even if you can afford to buy your hardware outright, you might still make savings through renting. This is because rental agreements usually come with some degree of expert support from your provider as well as the ability to upgrade your equipment on the fly without the need to purchase whole new suites of hardware.  

2. Are You Leasing Hardware From A Reputable Provider?  

Most hardware rental providers will be trustworthy, some more than others, but it’s worth spending some time evaluating a potential partner before signing anything.  

You can start by browsing any testimonials on their website, before looking for reviews hosted on third-party sites like Google. If you happen to be connected with any of their current or former clients, see if you can get a first-hand review from them.  

It’s also worth making note of how long a potential rental provider has been operating. Are they a proven, established business, unlikely to fail and leave you high and dry? Or are they a start-up, fresh and lacking in the wisdom that comes with decades of experience?  

3. What Do You Need To Lease?  

Consider what equipment you need and what you don’t. A trustworthy rental provider should be able to help you with this, but you should evaluate what equipment your business needs to grow and what would be too much or too little.  

If you rent too much equipment or not enough, you could end up either paying over the odds or finding yourself underequipped and struggling to operate effectively.  

4. What Additional Financial Benefits Are There?  

As well as allowing you to spread costs, leasing hardware can entitle you to a few other financial perks.  

Firstly, because rental agreements don’t always involve the purchase of the equipment you use, you often won’t have to pay any VAT on your hardware. Additionally, because rental payments are an operational expense, you can often write them off in your tax returns, allowing you to scrape back more of the costs.  

It’s worth taking the time to consult with an accountant before signing your IT hardware lease to understand exactly how much you can save with a rental agreement, as it might be more than you thought.  

5. Do You Want To Buy Your Equipment At The End Of Your Contract Or Upgrade?  

What are your long-term lease hardware goals? Do you intend to purchase your equipment at the end of your contract or simply trade it in for an upgrade? Whatever your preference, make sure that your rental provider can accommodate your choices.  

Your intentions may also impact the equipment that you choose to rent, as you may choose different hardware items if you intend to keep it long term, or vice versa. Alternatively, you might choose to upgrade to the latest models at the end  of your lease, meaning you stay at the forefront of technological advancement.  

Trust Bold IT For Your IT Hardware Lease 

At Bold IT, we’ve been providing expert IT support since 1993. We understand the complex requirements of a range of industries including education, construction, financial services, law firms and manufacturers.  

Leasing hardware with us is flexible and tailored to your specific needs. We can provide the right equipment along with dependable support to keep your organisation ticking along and growing. To learn more, just reach out to our friendly team or book a discovery call now.  

If you’d like to find out more about IT support services and hardware leasing, don’t forget to check out our blog.  

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