Business Phone Leasing vs. Buying

Questions To Consider

The world of business communication systems has gotten increasingly more complex thanks to the development of VoIP and enterprise mobility. Some of the key issues to consider before you decide what kind of phone system you want include:

1. What kinds of features do you want your phones to include? Some phone models have basic call functionality, while others have sophisticated conference call and call waiting systems. It is important to determine what features you can live without and what features you absolutely need.
2. Do you want new or used phones? New phones generally have more sophisticated technology, but used phones can work just as well at a lower price
3. What kind of customer support comes with both options? You will want to have a support provider that you can turn to for any concerns about the function of your phones
4. Does scalability matter to you? If your business will be expanding soon, you may need to upgrade your phone systems to support your growing staff
5. What is your budget for a business phone system?
6. How reliable is the phone system you are considering? If your phones often go down, it will negatively impact your company’s productivities

• Less upfront costs: because you are delaying the payment of the total cost of the phones, you do not need to have a large sum of cash available to buy phones. This can be important for businesses that are in their early stages but still need a substantial system of phones to succeed
• Tax breaks: According to the SBA, when leasing you are allowed to deduct the monthly cost of the equipment, which reduces the overall amount of money that you spend on phones
• More equipment flexibility: many companies that provide phone leasing also allow their customers to exchange their phones easily, which means that your company will always have access to the latest phone technology to help you operate at a high level. This also means your systems will be more scalable as your business grows.
• Better residual value: leased phone systems often hold their value well since they often new at purchase, which makes it easier to repurpose your existing phone system when you are done

• You own the phones: when you own your business phones they are considered an asset of the business and you are free to operate and repair them however you wish
• Full tax benefits: when you buy phones, you can deduct the entire cost of the purchase in the first year so that you reduce the cost that your company has to pay
• Greater selection of phones: when buying phones you can get them from anywhere, including Internet sources that are not geographically close to you. With leasing, you are limited to the type of phones that your provider has available