A: There are many factors to consider when making the lease versus purchase decision. Just because you have enough cash on hand to buy equipment doesn’t mean it’s the best decision for your organisation. First, ask yourself how long you plan to keep the equipment. If you are only keeping it for a short time (between two and five years), leasing is usually a better alternative because it allows you to refresh easily.
It’s also always a good idea to do an internal lease versus purchase analysis. You may find that the cost of the equipment is often times a small portion of the total cost of ownership. Keep in mind that as assets age, their maintenance and support costs rise significantly. Keeping a piece of equipment until it dies may seem like a good idea, but it might actually cost you more in the long run. Additionally, be sure to factor in the cost of equipment disposal when purchasing. When you lease, the lessor is responsible for proper disposal, which can save you a significant amount.
There are also many tax benefits to leasing since payments are often treated as operating expenses. Talk to your accountant to find out if this could benefit your organization.
Many organisations do not lease because they have a “need” for financing. Rather, they look at leasing as an overall equipment management philosophy that helps save cash up front and over time all while having a planned refresh schedule in place. Take some time to explore the other benefits of leasing to determine if it is a good fit for your organisation.
A: Yes, this can be done through a sale-and-leaseback. You sell CSI your recently purchased assets at invoice or current book value, and then we lease them back to you for a term that you are comfortable with. This will free up your capital to use for more revenue-generating activities.
A: Although we do not have any requirements, we do provide an online packing guide that provides a step-by-step packing process with general suggestions as to how to return leased equipment. You can ship with whomever you choose, however CSI can also arrange shipping for you with one of our preferred carriers who give us discounts that we pass on to you.
A: Yes. In addition to processing CSI’s off lease equipment, our wholly-owned subsidiary CSI Lifecycle Services can provide disposal services for equipment you own. CSI LCS will come to your location to wrap, pack and ship equipment back to its facilities where the equipment will be cleansed and remarketed or recycled. CSI LCS also offers onsite data sanitisation and destruction for organisations with very strict data security policies. CSI LCS offers this coverage on a Europe-wide basis.