5 Office Equipment Leasing Tips for Startups

If you’re starting a new business, we know that one of the main things that you’re probably concerned about is being so responsible when it comes to your budget that you end up making more money rather than losing it. This means that every decision you make has to take your financial status into account, even when it comes to deciding whether to buy or lease your office equipment.

Personally, we recommend that if you’re a startup that you actually lease. It’s cheaper, you can get some really great (and modern) equipment and should you decide later down the pike that you’d like to get some other pieces, it’s pretty easy to make the exchange.

If this sounds appealing to you and you’d like some office equipment leasing tips to make the entire process easier, we’ve enclosed five of them for you below:

Check your credit. There are a lot of new companies who do not realize that many office equipment leasing companies are only going to do business with them if their credit is good. Now, that’s not to say that there aren’t companies that will work with you if you do have bad credit history or perhaps even no history at all. We’re simply saying that by checking what your score is ahead of time, you’ll be better prepared.

Get some paperwork together. Most reputable office equipment leasing business are going to require that you have certain things before they offer you a contract. These items would include your company’s recent financial statements as well as your tax returns. They’re also going to require that you have a written lease proposal too.

Do not contact multiple companies at once. We’ve all heard the “Don’t put all of your eggs in one basket” motto but this is not a resolve that applies to looking for an office equipment leasing company. In fact, if you put too many applications into various companies at once, a potential lessor may start to doubt if they should offer you a leasing contract. No more than two applications (at one time) is fine.

Look for a company that specializes in your industry. If you were to ask a company likeĀ Citywide Business Machines for some office equipment leasing advice, one thing that they would probably tell you is to look for a company that specializes in your particular industry. In other words, if you run a catering company, look for a business that leases kitchen appliance equipment or if you work in transportation, look for a business that specializes in that. This way, you’ll get the exact kind of equipment that you need.

Remember that not all companies lease to new businesses. Finally, something else that you should keep in mind is that fact that not all office equipment leasing companies will lease to a business that is less than two years old. So, before getting into an extensive conversation with the sales associate, one of the first things that you should ask is if they are willing to work with a new company. If they say “yes” then you know that you’re on your way to finding a great office equipment leasing company to do business with.

Related posts:

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  2. 5 Ways to Dispose of Your Old Office Equipment
  3. Buying Vs. Leasing Commercial Real Estate for Your Business
  4. The Tax Benefits of Leasing a Car for Business
  5. Should You Lease or Purchase Office Space for Your Business?
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