Why you should consider leasing your phone system
27 November 2019
The many benefits of leasing! Acquiring a new phone system is often an effective way to boost productivity and realize long term cost savings. Financing this investment, however, can be a challenge for many businesses. Leasing can be an efficient and effective financing alternative for managing growth and planning for the build-out, upgrade or replacement of existing equipment and technology, while preserving cash flow.
We have comprised 7 benefits to leasing your phone system:
1. Gain 100% Financing
Hardware, software, cabling and services can be financed, enabling you to walk out the door with a “total” solution!
2. Conserve valuable working capital
Equipment purchased with cash depletes your working capital. Lease financing allows that working capital to be used more effectively for other purposes.
3. Acquire ease of budgeting and inflation protecting
Leasing provides an alternative source of financing. This allows you to acquire the equipment that you need without limiting your ability to finance inventories or greater short-term needs.
4. Avoid the obsolescent
Leasing allows you to use the equipment that you need over the term in which that it will be useful to you. Leasing allows you all the benefits of ownership without the risk of being committed to obsolete technology.
5. Enjoy ease of acquisition
Leasing provides you with the convenience of one-stop shopping! Once you select the equipment, you then decide on the payment terms that best fit your budget.
6. Get tax advantages
Due to accounting and tax treatment of leases, a lease may provide some tax-timing benefits to your business. The savings involved will vary depending on the type of equipment, lease terms and your marginal tax bracket. Generally, lease payments can be treated as operating expenses rather than capital expenditures, whereby providing full and immediate deductibility. You should refer to your accountant for advice on potential savings.
7. Benefit from self-financing
Lease payments are often made with the revenues generated or savings realized through the utilization of the leased equipment. As a result, leasing enables you to achieve a “profit” on the new equipment from the first month of usage.
Blog submitted by Chamber Member Sunco
Get Started with Phone System Leasing
If you’re considering a business phone system upgrade through our leasing option, Sunco offers product demos as a way to try out the phones and phone systems before making the final decision.
To get started with our phone leasing, book a product demo, or if you have any additional questions about lease financing, contact Sunco at email@example.com or directly at 780.809.1786