Is it time to upgrade your IT equipment? It's very likely that things have changed in your business since you last bought the computers and programs that your business depends on. Your company may be growing faster than you anticipated or it just may be time to boost productivity.
Many companies prefer to lease their computer technology because it keeps their equipment up-to-date. IT equipment is subject to rapid depreciation becoming obsolete quickly. A lease allows the customer to transfer the risk and financial burden of obsolescence. After the lease expires, the customer is able to upgrade to newer and faster equipment. Leasing technology equipment also helps a company to stay on the cutting edge and keep up with its competition.
Brad Harmon is the President at a leading financing company, First Star Capital (www.firststarcapital.com). Brad is a frequent contributor to online publications and newsletters, and is the author of this blog on commercial financing topics.
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