Moving your phones to the cloud

Should you lease, rent or buy your new VoIP phones and equipment?

 

If you’ve been looking for a Cloud Based PBX you’ve found that you’re faced with a question of how finance your new UCaaS equipment. There are many factors to consider.

 

There are 10 key considerations to help determine the best course of action to finance your new phone system. Some factors include your business’s accounting methods, other forecasted IT initiatives, interior network, and more. Contact us via email at [email protected] to request your UCaaS questionnaire.

 

Should You Rent Your Phones?

Pros – The liability for the equipment is on the carrier and not the customer. It’s more of a managed service. You don’t have to shell out cash upfront either.

 

Cons – You’ll pay a premium for the additional service but it’s negligible compared to the cost of equipment.

 

Should You Lease The Phones?

Pros – You’ll own the equipment at the end of the lease term for $1. Your monthly cost will then go down significantly. Again, our UCaaS questionnaire is providing for free and is a great tool to determine whether you should lease your phones.

 

Cons – Moving between carriers can be challenging if you have

proprietary equipment that doesn’t work with platforms from other carriers without some additional work… Kinda like ‘jailbreaking’ a cell phone to accept multiple carriers. We won’t help you take that route and certainly don’t recommend it.

 

Should You Buy The Phones?

Pros – You get to amortize and/or depreciate the value and own the equipment outright. Your monthly service will be much lower than a lease or rental option and warranty will cover any defective phones or switches.

 

Cons – You have to shell out cash up front for the equipment and warranty doesn’t cover everything.

 

We can help you go over the decision and the pros and cons that pertain to your environment. Companies making equipment purchases should not be worried about whether or not they can afford the change, it will pay for itself… Quickly. That said, how to finance that purchase can have an impact on your profitability, taxes, cash flow, and more.

 

When you’re considering a purchase of 50 or more phones over multiple locations you’re going to need to consider your connectivity options and their cost as well. Make no mistake about it, moving to UCaaS is an investment in your business and it will definitely produce a measurable return. Again, email us at [email protected] and we’ll send you our 10 question UCaaS questionnaire to help make your decision of whether to rent, but, or lease your new phones.