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Addressing Common Misconceptions about Technology & Equipment Leasing

Despite the growing popularity of technology & equipment leasing as a strategic option for many businesses, several misconceptions persist that can hinder adoption. In this blog we will address and dispel these common myths, helping you to make informed decisions about leasing your equipment.


"Leasing is more expensive than buying."

With several lease payment options and volatile interest rates, leasing has become much more cost-effective.

Cash Flow Management: Leasing often involves low, predictable monthly payments, which helps manage cash flow more effectively compared to outright, lump-sum purchases. Total Cost of Ownership: With ownership comes unexpected maintenance and repair costs. Leases often include maintenance and support services, reducing these unforeseen costs.


"Leasing is only for businesses that can't afford to purchase."

Leasing is versatile and can be customized for any business, big or small, regardless of their financial situation.

Strategic Financial Decision: Many financially stable businesses lease their equipment and technology to maintain liquidity and flexibility, freeing up capital for future needs. Risk Mitigation: Leasing reduces the financial risk associated with owning rapidly depreciating assets. Technology and equipment can become obsolete quickly, and leasing allows businesses to avoid the risks and costs of owning outdated equipment.


"You don't own the equipment."

There are many advantages with not owning your equipment, but if ownership is the goal, there are options for doing so with leasing.

Ownership Alternatives: Not owning comes with its advantages for technology and equipment that depreciates quickly. Leasing allows you to keep up with the latest technology solutions for your business. Purchase Options: Many lease agreements include the option to buy the equipment at the end of the lease term, often at an affordable rate, allowing you to make the best decision for your business at the time.


"Leasing terms are inflexible."

Leasing is a customizable choice for obtaining your technology and equipment.

Customized Agreements: Leasing agreements can be tailored to fit the specific needs of a business, including flexible terms, customizable payment schedules, add-ons, and end-of-lease options.


"Leasing is complicated and time-consuming."

The leasing process does not have to be complicated. With modern tools and dedicated support, leasing can be easily implemented at your business.

Streamlined Processes: Many leasing companies offer a streamlined and straightforward application process. Documentation and approval processes have become much simpler with tools like DocuSign. Dedicated Support: Leasing companies often provide dedicated support and account management to assist you through the leasing process, ensuring you have a positive experience.


"Leased equipment is low quality and/or outdated."

Businesses that lease their equipment & technology instead have a greater ability to pivot and access the latest technology solutions.

Access to Latest Technology: Technology is always evolving, leasing allows companies to stay up-to-date without the high upfront costs. Unless preferred otherwise, you are always leasing brand-new, high quality equipment with the flexibility to pivot in and out of solutions as your needs change.


We hope this has clarified the realities and common misconceptions about leasing, enabling you to make informed decisions for your business. Increasingly, businesses are recognizing the benefits of leasing and adopting it as a strategic advantage to stay competitive in this ever-evolving market.

Vantage is always here to help and answer any questions you may have. Learn more about leasing and the benefits it could provide your business below!


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