Plan for ITAD to Maximize ROI of Your Off-Lease IT Assets

In this digital era, running a business is only possible with the proper IT equipment, such as computers, tablets, phones, laptops, printers, scanners, and more. However, maintaining a sound IT infrastructure can become expensive over time. Purchasing equipment allows companies to access new and updated technology by selling the used equipment. Increased prices, device turnaround rates, and pressure to keep up with software updates and device upgrades have led companies to seek out alternative methods of IT asset management. 

Leasing equipment rather than purchasing it has become popular, allowing a business to upgrade its IT assets to more relevant products whenever needed with less hassle. 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. 

Leasing companies typically assume maintenance responsibilities under the lease agreement, which helps an organization save money through reduced maintenance costs. Additionally, leasing equipment mitigates any unexpected expenses if equipment malfunctions or breaks down, and emergency funding is needed for such occurrences. 

Once the leased equipment is returned, it is ready to be sent to an end-of-life facility like HOBI for processing and sometimes resale, but it is important to have a disposition plan in place at the beginning rather than at the end of a lease. As demand for leasing grows, leasing companies face a growing need for quick device repair, refurbishment, and disposition services like data erasure and reverse logistics. 

IT asset management and disposition enterprises offer value-added services for off-lease devices. They can assist leasing companies in several ways, including end-of-life services like device testing and disposal. Partnering with HOBI International, Inc. for device processing includes vITAD services such as data erasure, repair and refurbishment, and asset redeployment to maximize ROI. Many companies need to be made aware that IT equipment contains residual data when properly sanitized. ITAD providers mitigate any potential data leaks with thorough data destruction and device shredding for any equipment that cannot be erased. 

HOBI International, Inc. is an R2v3, RIOS, and ISO 14001-certified mobile asset management provider. HOBI’s vITAD program provides leasing companies quick and reliable repair, refurbishment, and buyback solutions. HOBI provides full-scale IT and mobile asset management with top-notch data security and reverse logistics processes to ensure devices are accounted for throughout the ITAD process.

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 contact HOBI at sales@hobi.com.