Purchasing vs. Leasing Technology

What to do?
What is the best option for your company?
Here is the short answer. If you don’t expect any change or growth in your company for the next 5-7 years, purchasing would be the better option. However, if you do expect growth or change, then leasing technology would be the most efficient way to go. For example, if in 5 years, you have grown as a company, the technology you purchased is no longer going to fit your needs. Our manufacturers guarantee their parts for up to 7 years. After seven years, we may not be able to get the parts you need for repairing your purchased machine because the manufacturer may not be making them any longer. Stay tuned because next week, we’ll discuss a cool math tool to show you the breakdown of purchasing vs. leasing.