Apart from the usual benefits such as tax deductions and the opportunity to explore new technology, there are multiple benefits of leasing equipment, and it has a distinct edge over renting or purchasing equipment. Let us take a look.
Purchase | Rental | Lease | |
---|---|---|---|
Capital Outlay | Heavy | Moderate | Low |
Flexibility | None | Moderate | High |
Recurring Costs | None | Small | Small |
Warranty | Manufacturer | Manufacturer with 2 support options | Manufacturer with 2 support options |
Support | By purchasing support | Ad-hoc or Under the all-inclusive GEEX Support | Ad-hoc or Under the all-inclusive GEEX Support |
Cost of Upgrades | High | None | None |
Ownership | Complete | Temporary | Partial |
Budget Friendly | Yes | Yes | Yes |
Tax Efficient | No | Yes | Yes |
Obsolescence Cost | Heavy | None | None |