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lease or buy

Hi
I'm thinking of starting up a business, but not sure what is best with regards to office equipment. I require Laptop, phone and desktop pc, either buy or lease. Anyone can recommend online stores which offer good deals to businesses.

Comments

  • phill99
    phill99 Posts: 9,092 Forumite
    Part of the Furniture 1,000 Posts
    The minute you declare you are a business, the price goes up. Leasing equipment binds you into a contract. If you make no money, you will still have to pay the lease costs. Even if you run a limited company, being a new start up, you will have to offer a personal guarantee, so there is no getting out if paying!

    Do you really need a PC and a laptop?

    Buying is a more realistic opportunity. Maybe buy second hand until you can afford to upgrade.
    Eat vegetables and fear no creditors, rather than eat duck and hide.
  • paddyrg
    paddyrg Posts: 13,543 Forumite
    Margins on consumer electronics are wafer thin, don't imagine you'll get much of a break for 3 items.
  • Percy1983
    Percy1983 Posts: 5,244 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Really depends what you need them for, if its just basic email/word processing etc then you could get something cheap used/refurbed.
    Have my first business premises (+4th business) 01/11/2017
    Quit day job to run 3 businesses 08/02/2017
    Started third business 25/06/2016
    Son born 13/09/2015
    Started a second business 03/08/2013
    Officially the owner of my own business since 13/01/2012
  • I can manage with a spare pc I have, and borrow one of my daughters laptops that she doesn't use, so in essence I suppose that may be the best course of action until im up and running and making good money
    cheers
  • paddyrg
    paddyrg Posts: 13,543 Forumite
    Make money first, buy stuff once you know the business is viable.

    The other way round is a shortcut to misery for sure.
  • BakerBoy
    BakerBoy Posts: 186 Forumite
    Tenth Anniversary Combo Breaker
    I have a laptop. Bought it 5 years ago. Have run 3 businesses with it and am in the process of starting another. Have never felt the need for a desktop as well!!
  • Percy1983
    Percy1983 Posts: 5,244 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    cwrtcoed wrote: »
    I can manage with a spare pc I have, and borrow one of my daughters laptops that she doesn't use, so in essence I suppose that may be the best course of action until im up and running and making good money
    cheers

    Good plan, this is how I started my business, I started with a £25.00 camcorder from ebay teamed with a borrowed one and used a mid range PC I already had with free software tools.

    Things are rather different now. :D
    Have my first business premises (+4th business) 01/11/2017
    Quit day job to run 3 businesses 08/02/2017
    Started third business 25/06/2016
    Son born 13/09/2015
    Started a second business 03/08/2013
    Officially the owner of my own business since 13/01/2012
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