Cost Effective Solutions: Renting vs. Buying Laptops for Your Team
Learn how renting a laptop is different from buying it for the business. This blog lists the cost-effective solution for the business.
Businesses must always spend money wisely to get the maximum investment. A laptop handles all the crucial tasks of any business effectively. The decision whether to buy or rent a laptop completely depends on the business needs. While some businesses pick the buying option, some companies go with the rental option.
On the other hand, the buying option gives the ownership benefit. This explains the major differences between the two options.
Benefits of Renting a Laptop
These days, many businesses and startups choose a laptop on rent to reduce the maintenance cost. The benefits of renting a laptop are:
- You can get the best quality rental laptops from online websites with a warranty
- Rental laptops decrease the upfront cost and other expenses of maintenance
- Renting a laptop offers downtime protection within the agreement
- You can get maintenance service without paying extra fees
- Rental laptops include technical support throughout the year to solve customers’ queries
- Some rental laptop companies offer an option of rent-to-own to the customers
Benefits of Buying a Laptop
Purchasing a laptop has its own benefits such as:
- You have to pay only one time while buying the laptop
- Ownership of the laptop gets transferred to the name of the buyer
- Buying a laptop is an easier option than leasing or renting it for the business
- You can get a new model from the box while buying a laptop for your business
Differences Between Renting and Buying a Laptop for the Business
We discussed the benefits of buying and renting a laptop for the business. Now, let us discuss the differences between renting and buying a laptop in this section:
- Cost Factor: Firstly, you must determine the cost of buying and renting a laptop. Looking at both these costs will help you to pick the right option. A rental laptop is more affordable than buying it from the market. In the case of a rental laptop, you do not have to pay upfront costs and maintenance fees.
Buying a laptop increases many expenses of the business. You have to also pay high fees for maintenance and servicing a new laptop. The upfront cost is also higher in buying a laptop than renting it.
In terms of cost, you can choose a rental laptop for your business or startup. It reduces unwanted costs and expenses. - Latest Technologies: Rental laptop companies give access to the latest technologies to the users. You can easily get a hardware upgrade without any extra cost by getting a rental laptop. Apart from that, the rental laptops also come with excellent customer support and maintenance services. You can get a good quality laptop at a fair price in the rental option.
- Depreciation: Buying a new laptop of your own is subject to depreciation every month. As a result, the value of a new laptop decreases with the depreciation rate. With the decrease in the value, the new laptop will not be profitable for your business anymore.
On the other hand, rental laptops do not contain any risk of depreciation. They give access to the updated software and hardware without any cost. - Tax Benefits for the Users: The option of choosing a laptop on rent gives many tax benefits to business owners. You can include the option of rental laptops in your income statement to get tax benefits. This benefit is not available in the option of buying a laptop of your own.
- Scalability of the Business: Businesses have different requirements according to the type of projects. A rental laptop is beneficial for businesses with different types of projects. It helps to scale the business up and down according to the requirements of the business. Buying a laptop does not fulfill the changing needs of projects in the business.
Rental laptops are very useful for businesses that have varying project needs and requirements. - Testing the Laptop: Buying a laptop of your own does not allow the testing process. On the other hand, the rental laptop services include the testing process of the laptop. Businesses can test the features and functions of rental laptops to check their performance in the projects.
We can say that rental laptops are more beneficial for the business with changing needs.
Hire the Laptops on Rent for your New Business
Getting a rental laptop is one of the most profitable ways to run your business. TrueTech is a top-notch service provider of laptop on rent in gurgaon with a good experience. We have expertise in the field of rental laptops and provide the right solution for businesses of different types. Get quotes from our company and choose the best rental laptop for your business.