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Leasing FAQ and Benefits

Why Lease With Consulting Empires

More than a lease rate. A full-service solution.

Any leasing company can provide a price quote and a lease rate. However, equipment leasing should be much more than a form of financing. Not only will Consulting Empires ensure you have the latest and greatest when it comes to your equipment, we will provide full support should any issues arise. Consulting Empires sees leasing as a way to gain the benefits of using equipment without many of the hassles, costs and limitations associated with ownership. Contact us and schedule a consultation today to find out all the ways leasing equipment will help you grow faster than ever. In the meantime, take a look at our FAQ and benefits below:

Technological Benefits
  • Keep up-to-date equipment in place with a built-in upgrade schedule
  • Gain flexibility to upgrade technology to meet your changing needs
  • Simplify asset disposal – just return the equipment to your lessor
Financial Benefits
  • Reduce total cost of ownership
  • According to IDC1, organizations using leasing, rather than buying and operating PCs for an extended lifecycle, could potentially REDUCE costs by as much as 24%.
  • Manage cash flow and budgets
  • Keep debt off your balance sheet and improve your performance ratios
  • Conserve working capital and keep lines of credit intact
  • Lease payments may be 100% deductible as an operating expense (please review this with your accountant)

1 Source: IDC IT Buyer Perceptions, Strategies and Requirements, June 2012

Frequently Asked Questions

Why should I lease instead of purchase my equipment?

Simply because your business has the capital on hand to buy equipment doesn’t mean it’s the best decision for your organization. Prior to purchasing, you should consider how long you plan to keep the equipment. If you are only keeping it for a short time (less than 5 years), leasing is usually a better alternative since it allows you to upgrade easily.

It’s always a good idea to do an internal lease versus purchase analysis. You may find that the cost of the equipment is often times a small portion of the total cost of ownership. Keep in mind that as assets age, their maintenance and support costs rise significantly. Keeping equipment until its end of life may seem like a good idea, however, it might actually cost you more in the long run. Additionally, be sure to factor in the cost of equipment disposal when purchasing. When you lease, the lessor will be responsible for proper disposal, offsetting the associated cost.
Leasing also provides many tax benefits since payments are often treated as operating expenses. Speak with an accountant to find out if this could benefit your organization.

Is it possible to lease used equipment?

Yes. Many organizations, especially those in the healthcare industry, choose to lease used equipment. Since Consulting Empires is not affiliated with any manufacturers, we have no preference in the type of equipment you choose. If you have questions about new vs. lease, you can schedule a consultation and we'll be happy to go through the pros and cons with you.

I need different brands of equipment. Is this possible?

Yes. Because Consulting Empires is independent of vendors and manufacturers, you can lease all of your equipment with us and place it all on one lease. With our experienced techs, we can configure virtually any product to work with any brand.

Have a question not addressed here?  Email us at info@consultingempires.com and we'll see about adding it to our FAQ's.

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