2. Flexibility

Ability to upgrade equipment more frequently

IT equipment leasing allows companies to upgrade to newer equipment more frequently i.e. 2-3 years because it allows them to obtain the use of necessary IT equipment without the upfront cost of purchasing it outright. This can be particularly beneficial for small and mid-size companies that may not have the resources to continuously purchase new equipment.

For example, if a company leases computers for its employees, it can choose a lease term that aligns with the expected lifespan of the computers. When the lease term is up, the company can choose to return the computers to the leasing company and upgrade to newer models, rather than having to purchase the new equipment outright. This allows the company to stay current with technology and ensure that its employees have the most up-to-date equipment to work with.