Phone System Lease or Buy
Phone System Lease or Buy
There are many questions to ask when looking at getting your office a new telephone system. Once you’ve chosen the brand, number of handsets, model and spec, the next question is likely to be; should i Lease or Buy my Phone System?
Leasing a phone system can work in one of several ways. You can choose between renting and leasing to own, with the second option leaving you with the hardware you use.
Leasing your Phone System
Minimal Upfront Costs – Since you aren’t purchasing the hardware, your main cost is going to be a monthly or quarterly subscription. This is invaluable when you’re expanding or scaling up operations and need to reduce initial expenses.
High-Quality Equipment – Leasing you phone system can provide your business with access to the latest technology. This can help your business improve communication and ensure your phone system functions at the highest level.
Regular Upgrades – If you lease equipment, We will include periodic upgrades similar to the way most mobile phone plans offer new phones every few years.
Tax Deductible – Leases are usually tax deductible on a quarterly basis. This makes it slightly superior to buying, especially since you know your costs ahead of time and can plan your taxes ahead.
Buying your Phone System
Increased Budgetary Control – Enterprise leasing plans are cheaper upfront, but they can be slightly more expensive long-term. By purchasing phone hardware for a set cost, businesses can control how much they spend upfront and potentially decrease their long-term costs – although this will also depend on maintenance and upgrade needs, a concern you’ll find in our disadvantages section.
Freedom – With your own phone system, you can choose your own upgrades and customisations; your own software.
Which is the best option?
There’s no one answer to whether buying or leasing is the best choice. Both options come with their own benefits and drawbacks that will affect your business’s communication, budget, and administrative burden.
There are, however, certain situations in which buying or leasing will come out the winner. Businesses that need to implement the latest technology without making a down payment are better off leasing. On the other side of the coin, larger businesses with more capital may want to purchase their own equipment so they don’t have to work within provider user terms.
Regardless of the option you choose, if this is your first time switching to Midshire Telecom, you’ll likely end up with lower costs compared to your traditional phone system. Midshire Telecom regularly help businesses leverage phone systems to save up to 60% on their current setup.