Starting with the planning and installation of furniture for your company’s offices is always going to be one of the most important decisions you must make. There are many factors that you must consider, but without a doubt that the economic aspect is among the first of the list. Therefore, when you start to analyze the expenses that can be generated, the balance begins to tilt towards the option of renting furniture, displacing the option of buying furniture, and by a lot.
On the other hand, there are those who think that when it comes to choosing between buying or renting office furniture, the final decision will always depend on the circumstances and external factors involved, and that therefore there is no single correct answer. So, should I buy or rent the furniture that I will need in my offices?
What happens if I buy the furniture
If you decide to buy an advantage that you will have from that moment on, it is that any decision you make in relation to the furniture will be yours solely because it is your property, and it is not necessary for third parties to intervene. In such a way, that if you want to make any kind of modification or customization to your furniture, you can do it without any obstacle that prevents you.
If you want to sell, you can do it whenever you want. This will allow you to recoup the initial investment you made and reinvest it in completely new and updated office equipment. So far, the buying idea looks great. But there are weight downsides that you shouldn’t overlook.
If you buy furniture, keep in mind that the initial cost is much higher. If we talk about leasing, it allows you to distribute them into smaller payments in the long term, which is positive for your budget and cash flow especially if you have many limitations in this regard. In general, there are alternatives to finance for companies that are inclined towards the purchase option, however, they cannot assume the costs that are generated with the interests.
Maintenance is something that is taken into account beyond the initial purchases. Copiers and printers are made up of many components that need constant service and maintenance, not to mention that sometimes you have to replace items that are permanently damaged, and that also weighs heavily on your purchase costs.
Don’t forget that equipment over time becomes obsolete and forces you to update them, either partial or complete. Failure to do so runs the risk of your gear getting stuck and then not being able to sell or reuse it.
What happens if I rent the furniture.
A powerful advantage of renting furniture is that you eliminate the option of having to pay a large sum of money. In this case, you just have to distribute several payments throughout the year, which is very positive, especially if you do not have a lot of cash flow.
As leasing payments are usually lower, this opens a door for you to acquire better quality equipment that can boost the performance of your company. Therefore, if you want to have state-of-the-art equipment and optimal quality, the rental option can help make that possible.
Because you are not the owner of the equipment, you will not have to deal with the responsibilities involved in being the owner. What’s more, if you plan to work with that team frequently, furniture rental companies usually give their clients the opportunity to make a new contract, which in turn will allow you to request a new, more up-to-date team.
