There has been a noticeable shift from luxury to necessity in recent years, and more often than not, businesses choose to rent out most of their assets, rather than owning them. Economic uncertainty has led businesses to focus more on office furniture rental and has seen major shifting trends in spending patterns.
Renting cuts down on operational costs and gives the business more freedom to make alternative choices in the long run. Although organisations have a divided opinion on the feasibility of office furniture rental, they have clearly made a choice of what assets they want to rent, and what needs to be bought rightaway.
Furthermore, leasing offers an alternative that is tax allowable, thereby allowing organisations to plan their business better. It enables them to upgrade themselves continuously and spread their cost on a fixed budget.
As much as office furniture rental and other leasing options seem advantageous, they may not always be the best option. The right questions and the right plans need to be set in place from the stage of initiation. The different kinds of leases involve lease purchase, finance lease, and contract hire. The leasing agreement should match the requirements of the organisation. It is thus important to consider all factors before choosing an alternative way of financing office furniture.