Should your small company, buy, rent or lease their computers and servers?
It’s a fairly common perception that by the time a computer is bought and brought home, it is already close to being out of date. This is an exaggeration of course, but it can sometimes feel like your computer needs to be updated far too soon. Imagine then, how it might be more of a concern for businesses.
Some companies rely quite heavily on their computer system but may not be in a position to continually change or update as often as they would like, especially as a small business. In such cases, it might seem like a wise choice to rent or lease their computers, rather than buying, but there are pros and cons to each decision, so how do you know which is the right choice for your business? Should your small company, buy, rent or lease their computers and servers?
Buying: Pros and Cons
Probably the biggest advantage of owning your computers and servers is simply that: you own them. Accordingly, you are free to do whatever you want to them and with them. There is no need to check with anyone else before making modifications or doing anything that might prove damaging to them, if that is what you choose.
On the other hand, there is the cost of purchasing them, and depending on your needs, that cost could be considerable. Many small businesses– perhaps even most– would not be able to outfit themselves with the latest and most powerful computers and servers. Even if they were able to, it is highly unlikely that they would be able to upgrade again in the short term, and certainly not at the same rate that technology is advancing. As a result, you could be making a very large investment only to find yourself behind the technological curve in short order, unable to catch up and falling behind your competition.
Leasing: Pros and Cons
A very popular option, leasing provides small businesses with the opportunity to make use of the latest technology while maintaining a manageable, fixed price. Negating the need for a large investment up front makes leasing an attractive choice.
Leasing does have its down side, however, with one being that in many cases, hiring a skilled IT professional will be necessary. Without doing so, you might not be able to make full use of your equipment’s capabilities, thus negating the benefit of obtaining the best tech available.
Another issue is that, like buying, you may find yourself unable to upgrade when needed if you are locked into a particular leasing term.
Renting: Pros and Cons
Renting computers and servers from an IT provider has been growing in popularity over the years, allowing small businesses to gain maximum benefit from their tech investments.
Renting balances affordable costs with the ability to upgrade as needed, allowing a company to stay current with tech innovations. Many top IT firms now offer Hardware-as-a-Service, renting equipment such as servers, network gear, and computers along with their maintenance and service contracts. This allows businesses the opportunity to upgrade or swap out their systems as new versions become available, often with no increase to monthly fees, though there may be a small annual increase. This allows small businesses to stay at the forefront of technology while avoiding many of the issues involved in the buying or leasing of hardware.
Should You Buy, Lease or Rent?
Renting clearly offers the most advantages when it comes to hardware for your small business, saving you money, offering flexibility, and most of all, allowing you to remain competitive through the use of the latest technology.
Small businesses need to take advantage of every opportunity possible, and that means having access to the best technology in the most affordable and logical manner. As a small business owner, see what renting can do for you.