How Do I Decide If It's Better to Buy or Lease My Technology?

Available cash flow is one reason to lease your technology instead of buy it, but there are other reasons. If your business depends heavily on technology, you're probably better off buying because most leases last at least three years. If, however, your business doesn't depend so heavily on IT, leasing can allow you to attach a fixed cost to your IT investment. Leases also typically include maintenance and service, which saves money. And as a tax consideration, buying or leasing to own is easier to write off. Regardless of whether you decide to lease or buy, it's always a good idea to shop around by talking with multiple vendors.

For more on IT investment, be sure to read Align Technology Investments with Concrete Business Needs.