Borrowers

You have several options if you have decided to rent office equipment instead of buying it. Some of the advantages of leasing include flexibility, predictability, and reduced maintenance costs. There are also some tax benefits, as well as depreciation benefits. Office equipment is a significant capital expense. It can become obsolete, and you may have to upgrade your equipment sooner than planned. Renting allows you to spread the cost over monthly payments, which makes it easier to budget. You can even use your lease payments to offset other business expenses. In addition, you can trade in your old models for…