When you purchase equipment, funding is required. The cost of capital invested in the purchase is the minimum return that investors expect for injecting money into buying new equipment. While these funds can come from bank borrowings and retained earnings, it often results in a myriad of other unseen costs. One of these involves opportunity cost, where cash is stuck and can’t be used for other important revenue-generating investments.
When you choose to own your equipment, you would be responsible for the procurement, management, maintenance and disposal of them. All this entails huge amounts of time, resources and money, thereby driving up the actual total cost of ownership.
However, if you choose to rent your IT equipment with Rentwise, we would be handling the entire IT lifecycle management for you. By doing so, we help you save money by reducing the total cost of ownership, which often involves labor-intensive administration costs.