From the course: Make IT Work in Your Business
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Lease everything
- [Narrator] One common way to distance yourself from the risk and upfront cost of owning a lot of technology is to lease your equipment. The positives and negatives of leasing seem pretty obvious to most people. You get the advantage of not having to pay out a lot of cash at once, and you get to upgrade your equipment more often. Not to mention, you have the benefit of making the repairs someone else's burden. But on the flip side, you will almost certainly pay more money for the equipment in the long run, and, depending on the type of lease, you may have nothing left to show for it at the end. Add to that the binding terms of a multiyear lease, and you have the disadvantages pretty well summed up. So in review, it would seem that the advantages are mostly operational and the disadvantages are mostly financial. Lets take a closer look at an apples to apples comparison of the finances. If I spend $5000 on laptops and I get to depreciate the cost over five years, what does that really…
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