Introduction
Technology is getting more expensive. From phones and laptops to servers and infrastructure, prices have been steadily going up. On one hand this is due to the progress in technology. A phone now combines a camera, camcorder, fitness tracker, minicomputer, Dictaphone, gaming device and more! In addition recent memory price increases are also having an impact. So is now the time to consider mobile phone leasing?
What is Mobile Phone Leasing?
Historically the price of a mobile phone was included in the monthly contract, but with the advent of SIM only tariffs, sophisticated and expensive phones and shrinking network margins – this is no longer the norm. Therefore the hardware cost needs to be paid for upfront or in addition to the airtime contract.
But there is another way.
Mobile phone leasing has been growing in popularity for the last decade as an alternative to financing hardware. Rather than an upfront outright purchase, phones and other IT items are financed over a period with a regular payment. It is an agreement separate to the network airtime.
Benefits of Mobile Phone Leasing
- Tax Benefits – rentals are an operating cost and 100% tax deductible. This makes leasing more cost efficient than buying outright.
- Cutting Edge Equipment – choose the latest devices as the monthly cost will be significantly less.
- Flexible – choose payments from 1 year to 7 years. Upgrade equipment should requirements change.
- Fixed Costs – payments are set for the term.
- Maintain Credit – leasing does not affect your credit rating.
- Contract Completion – keep, return or upgrade!
The Leasing Process
At Complete Voice & Data we are the mobile phone experts, with decades of experience. To work out your lease is simple. From the equipment you choose (including any set up and installation) we can then calculate the monthly or quarterly lease cost. Based on the length of the term you will receive alternative quotations – helping you choose.
Once agreed our partner will draft the agreement and subject to the relevant checks your lease will commence when the phones or other equipment is delivered.
Talk to our team to find out more about leasing mobile phones and telecoms equipment.