Leasing can be a cost-effective and efficient way to access and manage the assets your business relies on. Having the right equipment for your business is expensive and represents a large part of many companies budgets. Leasing offers a solution to this problem, but it's also an unfamiliar space for many businesses.
This article will demonstrate the benefits of leasing and show you how to learn more about whether leasing is right for your business.
The Power of Leasing
Having the right equipment is critical to maintaining successful and efficient business operations. However, it also represents a high cost.
Including leasing as part of your approach to asset management can help reduce the costs associated with procuring and managing your asset base. It can also ensure that your business can upgrade and refresh equipment quickly, improving efficiency and competitive advantage.
Leasing is a strategic solution for all your asset procurement, financing and management needs. It can help free up capital in your business, improve cash flow, and ensure you have the equipment you need to move your business forward.
During times of unusual business and economic stress, such as the COVID-19 crisis, leasing can also provide a cost-effective solution to ensuring your business can access the equipment it needs without the risk and expense of high up-front capital investment.
How To Decide If Leasing Is Right For Your Business
Despite the benefits, some complexities come with managing and reporting on leased equipment. This means that it is still an underutilised strategy in many businesses.
Quadrent has a long history of helping businesses cut through this complexity and optimise their asset management. To help, we've created an ebook to help you decide if leasing is right for you. The ebook provides a clear and straightforward guide to leasing, from the basics to a detailed comparison of the benefits of leasing versus buying. After reading this ebook, you'll be able to face your procurement decisions with confidence. Here are just some of the topics covered in this ebook:
- What is a lease?
- What is the role of the lessee and lessor?
- What benefits does leasing have over buying outright?
- How to understand the total cost of ownership
- A comparison between Lease vs. Bank finance
- How to keep track of leases
- What are your end of term options?
Leasing can be a cost-effective and efficient way to access and manage the assets your business relies on. Download the ebook to learn more.
At Quadrent, we provide leasing solutions for large corporations, schools, universities and government clients, helping them create cost-effective finances for their assets. This provides an alternative to a traditional bank lending model and is well suited to assets with a useful life of 3-5 years. We make leasing equipment an effortless process. By working with our team of experts, we can provide you with structured funding solutions matching your needs as a business. From leasing new assets to refinancing existing assets, we can help.
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