Right Questions to ask before Laptop Lease

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Right Questions to ask before Laptop Lease
While there is always a healthy on-going debate
whether to lease a laptop or buy it, the answer
ultimately lies with you. Laptop lease has its
own set of benefits and so does the buying a
laptop. Then what is the deciding factor that can
drive you towards taking the right decision? Well
for one it is the circumstances in which you are
to start with. If you have enough capital and all
you need is a basic laptop to meet minimal day to
day needs, then probably buying is the right
decision. However, if you are facing fund
shortage and you require a high-end laptop to
compete against the business sharks at a meeting
or a conference, then the best bet is to go for a
laptop lease.
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Lets face the big question... But, the big
question is whether you are ready to compromise
with the downside of taking the laptops on the
lease? As we said it is only you who can beat the
flipside by asking the right questions. Approach
only the rental agencies that are ready to meet
your requirement one hundred percent. Questions
to ask the rental company before taking the
laptop on lease 1. What type of lease does
the rental company offer? There are basically two
types of leases popular with the rental
companies. You will have to understand in depth
the kind of contract you are getting in with the
renting agency. The Capital Lease or the 1
buyout is more like a loan. Here, the laptops on
lease are considered as the assets and you will
also get the tax benefits with this kind of
lease. The capital lease is often for a longer
duration of time and is not less than 5 years
hence there is always a risk of the laptops
getting obsolete. The Operating Lease is when the
renting company still retains the ownership of
the laptop and the only tax benefit the company
is going to get is on the monthly rental amount.
However, the operating lease is more famous among
the small and the medium-sized businesses due to
the low monthly rental values as compared to the
capital lease. 2. Is there a buyout option? A
few rental companies offer the buyout option
after the lease period. There are two buyout
options - Fair Market Value (FMV) and the 1
buyout option. The FMV is when the business is in
for an operating lease with the rental company
and the business party hopes to buy out the
printer at the price quoted by the rental
company. The 1 buyout is when the business owner
buys out the printer for 1 after the lease
period ends. The 1 buyout seems to be too good
to be true, isnt it? You are right. For the 1
buyout, the monthly lease amount is substantially
higher than for the FMV.
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3. How long is the lease offered by the rental
company? Usually, the lease period is for 24, 36,
and 48 month period. The longer the lease period
the lesser is the monthly payment amount. 4.
Can the lease period be terminated in the
middle? This is the most important question that
needs to be addressed. More often than not the
business owners are obliged to pay the lease
amount in spite of the laptop not being used.
However, one can avoid this by checking with the
rental company beforehand if they have any terms
included in the agreement for this situation. You
can check if the business can pay up the monthly
installments beforehand or is there a penalty
involved to come out of the lease. Before going
for a laptop lease, the business owners can seek
clarification on the above questions just to have
a clearer picture of what they are getting into.
Contact Dubai Laptop Rental with these questions
and our executives will be more than happy to
help you out. Get in touch with us today at
97150-7559892 or visit our website http
//www.dubailaptoprental .com for more details.