As technology continues to expand and evolve, it may be difficult for technology companies to keep up. Computers are nearly obsolete the day they are assembled, as each day, improvements are made to existing systems. In such a rapidly changing field, it is essential that the companies that depend on these technologies have the most up to date and advanced machines to work with. Equipment leasing can be a great solution to this problem.

Technology isn’t cheap. The basic office setup can conservatively cost several thousand dollars, with more advanced, updated technology costing several times that amount. In order to accommodate the needs of a technology company, huge costs come into play. To stay current with all of the advances in computer science, a company would have to completely replace their entire IT systems – computers, servers, storage, network machines, etc – with new equipment.

To get past this, equipment leasing companies can create custom leasing packages designed specifically with your company’s needs in mind. Instead of paying up front for every bit of tech that you require, buying a piece here and there as funds allow, companies can populate their entire businesses at once and have the equipment on a rotating schedule. For example, a custom lease could include replacing all machines after 6 months, 1 or 2 years so they consistently have the highest functioning equipment for a fraction of what it would cost to buy outright.

Additionally, most equipment leasing companies maintain all of their own items, so if something goes wrong, the leasing party is usually not responsible for the cost of repairs. This can bring immense peace of mind to small business owners who may not have the funds to make costly repairs to expensive equipment.

Using newer models can also have a significant impact on worker performance and productivity. Older machines can be sluggish, accumulate malware or viruses and have the potential to break more often. Newer computers are also able to run the latest and greatest programs which could greatly increase worker performance and lead to more efficient time management, projects being completed sooner, and ultimately, happier clients. Faster networking speeds can also have the same effect.

If this type of equipment leasing still seems to be out of reach, many companies also lease used items as well. The machines are usually inspected and repaired before being leased, and often times are maintained by the leasing company in the same way new models are kept. They may not be the newest models, but they offer savings over leasing new equipment and are staggeringly more cost effective than buying new machines outright. Small businesses will likely be hard pressed to find a more economical solution to satisfying their equipment needs.

See all the benefits of Clipper Commercial Capital’s Equipment Leasing Program.