Business equipment is expensive and the more specialised the equipment you need, the more expensive it is. When you’re faced with using a large chunk of your cash to buy things you need to do your job, the way you do it has a huge impact on the cashflow and solvency of your business. So what should you do?
There is no one size fits all answer. Sometimes leasing equipment is the best option, sometime purchasing is the way to go. What you choose depends on your business, the equipment you need and how long you expect to use a specific item. We’ve got a simple checklist of pros of leasing vs pros of purchasing to help you decide what is best for your business.
If you’re really stuck and don’t have a clear enough picture of your cashflow situation to make the decision, why not give us a call and ask our advice?