If you want your business to be prepared in the event of a power outage, a UPS is an essential component of your infrastructure. But the fact is, if you want to buy the very latest UPS system and secure the best protection for your data, it’s going to cost you a lot of money, right? Not necessarily. You don’t have to buy an expensive asset like a UPS outright. You can lease one instead.
Here’s what you might not know about leasing and why leasing might be a far better alternative than purchasing a UPS.
Leasing Is Not Necessarily More Expensive than Buying
Some people have a negative view of leasing. They believe they will end up paying more for the item than if they bought it outright, there will be a catch at the end, and they’ll have to pay out a large sum of money if they want to hold onto the asset they’ve been leasing. However, if you lease from a dependable supplier who partners with a reliable financial leasing company and if you consider the contract before you sign it, you won’t necessarily be out of pocket at all.
You Can Have the UPS You Need In Place, Fast
If you value your business, you can’t afford to face the risk of downtime. A loss of power could be disastrous, and you need the right UPS for your requirements in place — now. With Critical Power Supplies, once you have selected a UPS and set up your leasing agreement, it can be on-site and installed in a matter of days.
No Expensive Outlay
Leasing is a way to ensure your business has complete power protection without you having to tap into cash reserves that you may need to use elsewhere. In effect, you are able to buy an asset that may be more than the cash you have available.
Predictable Monthly Payments
When you know exactly how much is outgoing each month, forecasting and budgeting are more straightforward. Especially when you lease over five to 10 years, payments are affordable and manageable. At the end of the lease period, you have the option to buy the equipment at a discounted price.
Super Deduction Tax Break
From 1 April 2021 to 31 March 2023, hire purchase agreements qualify for the government’s 130% super-deduction tax (SDT). Providing significant tax benefits for qualifying assets, the super-deduction will allow companies to cut their tax bill by up to 25p for every £1 they invest.
There Are Various Options at the End of the Lease
Not every business owner is 100% sure where their company will be in five or 10 years. One of the best things about leasing a UPS is that you don’t actually own it. That means you have options at the end of the lease period.
- If business is going well and the product suits you, you can keep the UPS and continue with a new lease.
- If your situation has changed and you have the cash to buy it, you can purchase the UPS — at a discounted price. It’s then yours to do with as you wish.
- If you want to diversify or have relevant contacts, you can act as a sales agent and sell on the UPS.
- Or, you can decide not to renew the lease. If that’s the case, we’ll take the equipment away without any inconvenience to you whatsoever.
You Don’t Have to Dispose of Old Equipment
When you’ve finished with a UPS, removing it for safe disposal and recycling can be a bit of a headache. Many business owners will feel relieved to know that someone will deal with this for them. If you lease a UPS, the lessor takes back the UPS at the end of the lease period and arranges for its safe, ethical, and legal disposal. That’s one less thing for you to worry about.
The Potential to Upgrade
The problem with the latest technology is that it doesn’t stay the latest for very long. It’s a familiar story: no sooner have you bought and installed the newest software than you’re being told that it will soon become obsolete or that it’s no longer fit for purpose. The same applies to UPS.
When it comes to protecting sensitive data, you don’t want to risk taking any shortcuts. Sourcing the best battery power backup is imperative, and it’s essential you’re using the most current version of your chosen product. When you lease a UPS, you have the opportunity to upgrade as part of your agreement. You’re never left behind using an outdated system when a newer version is available to do the job better.
Flexibility to Expand
If business operations expand, so will your need for additional or upgraded power capacity. With a UPS lease, you can acquire additional systems quickly when you need them, without a large outlay.
Accessible Service and Maintenance Plans
Purchasing a product means you pay your money, take the item, and go away and use it. You may have a warranty, but that probably won’t cover you for regular service and maintenance, no matter how much you’ve paid for it. If you want to get the most from your UPS and keep it running, lease from a company that offers regular service and maintenance plans. Any potential issues can be nipped in the bud before they become major problems.
You Benefit from Better Quality Products
When you’re paying out on an expensive item, you may be tempted by a cheaper option rather than going for the top of the range. Critical Power Supplies stocks UPS from industry-leading manufacturers, including APC, Eaton and Riello, so you are assured of outstanding performance. In addition, all of our suppliers meet our supply chain standards for quality (ISO 9001), health and safety (ISO 18001) and environmental management (ISO 14001).
Leasing a UPS is a way to ensure you have the latest backup power solution and technology and that it can be upgraded, extended and updated as required. At the end of the lease period, you can continue to lease the UPS or arrange to return it to us. You benefit from having the freedom of choice, and you won’t be left to dispose of obsolete units. Get in touch with us to learn more.