Purchase Equipment vs Leasing
Faraway Township Assessor Office
April 8, 2011
Carol Calhoun
Faraway Township Assessor
55662 North Haven Dr
Faraway, IL 60003
Dear Mrs. Carol Calhoun,
Here is the report and research you asked me to complete. It compares and contrast purchasing computer equipment from leasing the equipment. I also included my recommendations on what and how our Township would benefit from.
If you have any other questions or concerns with my findings or research, please feel free to ask. Look forward to your decision.
Thank you,
Jessica Rogers
Deputy Assessor
Faraway Township Assessor Office
Computer Equipment; Lease or Buy
Prepared for
Carol Calhoun
Faraway Township Assessor
Prepared by
Jessica Rogers
Deputy Assessor
Faraway, Illinois
April 10, 2011
Summary
Businesses today are faced with many questions and ideas to allow them to run efficiently as possible. Expenses can make or break a company. One major factor in this is their equipment costs and whether or not to purchase or lease. There is not a clear cut choice as this report will present the advantages as well as the disadvantages on both analogies to help determine if purchasing or leasing computer equipment is more beneficial to our company, Faraway Township. Leasing arrangements are complicated and often confusing. Often representatives from equipment manufacturers are not fully versed in the details of their own agreement. (Outfitters)
i
Contents
Summary i
Contents ii
Introduction 1
Discussion 2 Leasing Equipment 2 Purchasing Equipment 3
Conclusion 4
Recommendations 5
References 6
Appendix
Picture of computer equipment retrieved from http://www.guardian-computer.com/repair/sun/sun-microsystems-computer-service-repair.html ii
Introduction
As a company, we are at a cross road to make a decision on how we expect to obtain new computer equipment for our
April 8, 2011
Carol Calhoun
Faraway Township Assessor
55662 North Haven Dr
Faraway, IL 60003
Dear Mrs. Carol Calhoun,
Here is the report and research you asked me to complete. It compares and contrast purchasing computer equipment from leasing the equipment. I also included my recommendations on what and how our Township would benefit from.
If you have any other questions or concerns with my findings or research, please feel free to ask. Look forward to your decision.
Thank you,
Jessica Rogers
Deputy Assessor
Faraway Township Assessor Office
Computer Equipment; Lease or Buy
Prepared for
Carol Calhoun
Faraway Township Assessor
Prepared by
Jessica Rogers
Deputy Assessor
Faraway, Illinois
April 10, 2011
Summary
Businesses today are faced with many questions and ideas to allow them to run efficiently as possible. Expenses can make or break a company. One major factor in this is their equipment costs and whether or not to purchase or lease. There is not a clear cut choice as this report will present the advantages as well as the disadvantages on both analogies to help determine if purchasing or leasing computer equipment is more beneficial to our company, Faraway Township. Leasing arrangements are complicated and often confusing. Often representatives from equipment manufacturers are not fully versed in the details of their own agreement. (Outfitters)
i
Contents
Summary i
Contents ii
Introduction 1
Discussion 2 Leasing Equipment 2 Purchasing Equipment 3
Conclusion 4
Recommendations 5
References 6
Appendix
Picture of computer equipment retrieved from http://www.guardian-computer.com/repair/sun/sun-microsystems-computer-service-repair.html ii
Introduction
As a company, we are at a cross road to make a decision on how we expect to obtain new computer equipment for our
References: Five Advantages to Leasing Office and Technical Equipment. 1999-2003. Retrieved March 24, 2011 http://www.allbusiness.com/business-finance/leasing-office-leasing/1013-1.html Gordon, A. The disadvantages of Leasing Business Equipment. October 2010. Retrieved March 24, 2011. http://ezinearticles.com/?The-Disadvantages-Of-Leasing-Business-Equipment&id=393207 Nolo, Buying vs Leasing Business Equipment. Retrieved March 24, 2011. http://www.forbes.com/2007/01/24/smallbusiness-equipmentlease-IRS-ent-fin-cx_nl_0124nolo.html To lease or buy?. PRO [serial online]. Summer2006 2006;18(7):4. Available from: Business Source Complete, Ipswich, MA. Accessed March 25, 2011. Zooi, and Edwards. Outfitting Your Home Business for Much Less. New York AMACOM Books 2000. Accessed March 25, 2011. 6