Nowadays, incorporating technology is unavoidable, and each piece of equipment must be properly maintained and updated regularly to function at full capacity. However, the upkeep can become costly over time, and equipment leasing is becoming the preferred method of acquiring IT equipment.
Leasing IT equipment mitigates typically large down payments often required for purchasing, reducing the cost to smaller monthly lease payments rather than larger loan payments for purchased equipment. This improves cash flow and preserves expenses for emergencies. Additionally, purchasing larger equipment may lead to a lengthy process of lenders wanting to see years of financial history, whereas leasing companies usually only require six months to a year.
Technology is constantly evolving, with new models being released every single year. This means IT equipment becomes obsolete very quickly if not updated regularly. Purchasing equipment prevents companies from accessing new and updated technology without selling the used equipment. However, leasing equipment allows a business to upgrade its IT assets to more relevant products whenever needed with less of a hassle.
Leasing companies typically assume maintenance responsibilities under the lease agreement, which helps an organization save money via reduced maintenance costs. In addition, leasing equipment mitigates any unexpected expenses if equipment malfunctions or breaks down and the need for emergency funding for such occurrences.
Equipment leasing is becoming increasingly popular and comes with many benefits, which has created pressure for leasing companies for quick turnaround rates, which means more repairs and maintenance are needed faster. In addition, IT asset management and disposition enterprises offer value-added services for off-lease devices, such as repair and refurbishment, and end-of-life services, like device testing and disposal.
A key factor that sets HOBI apart from competitors is our Mobility Managed Services (MMS). HOBI provides full-service, post-launch Mobile Lifecycle Management (MLM) for MMS programs and works with leasing companies to provide quick and reliable repair, refurbishment, and buyback solutions.
ITAD enterprises like HOBI are a cost-effective and responsible solution for processing off-lease equipment. For more information about our vITAD services, call 817-814-2620 or email email@example.com.