One of the many expenses to consider as you move into a new office space is how to acquire office equipment. For small companies just starting out, leasing office equipment might be the cheapest and most convenient option, plus it gives you the flexibility to change out your equipment for more updated models down the line. If this sounds like the best route for your business, here are a few steps to take when renting office equipment, as suggested in the article “5 Office Equipment Leasing Tips for Startups”:
- Figure out your finances. Most equipment leasing businesses will want certain paperwork from you, including financial statements, tax returns, and a written lease proposal. Since companies are interested in the soundness of your financial background, they are probably going to want to know about your credit history as well, so consider getting a credit score just to check before you start this process. Remember also that even if your paperwork is excellent, some companies simply do not want to lease to new businesses (i.e. businesses that are under two years old). When you start talking to an equipment rental company, make sure that one of the first questions you ask is whether they will work with a new business. This way there will be no surprises when lease signing time comes.
- Only apply to a few companies at a time. While common sense would dictate that it is best to look at as many options as possible, when looking for office equipment try to keep it to only two prospects at a time. This is because too many different applications at once could cause leasing companies to question whether they should lease to you at all.
- Look for industry specific equipment. For instance, you might be able to find rental companies that specialize in catering, printing, or some other industry, and thus they will have a good selection of equipment that is industry specific. Looking in this narrower range will ensure you get the equipment that your business needs to function.
If you are a new business starting up, you could really save some money and get some modern equipment that perfectly meets your needs by renting office equipment instead of buying!