Leasing vs. Purchasing Technology
The concept explains the options available when deciding whether to purchase or lease technologies. It offers practical advice regarding the pros and cons of both options, and provides helpful advice on measuring and evaluating the costs across a technology's life cycle.
Technique Overview
Leasing vs. Purchasing Technology Definition
Leasing is a contract between the leasing company – the lessor – and the customer, the lessee. Leasing enables firms to acquire the most up-to-date technology and still have remaining capital to channel into other business areas. Companies use straight purchasing to increase fixed (equipment) assets and to reduce current (cash) assets (Lysons & Farrington, 2006).
Leasing vs. Purchasing Technology Description *
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Business Evidence
Strengths, weaknesses and examples of Leasing vs. Purchasing Technology *
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Business Application
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Professional Tools
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Further Reading
Leasing vs. Purchasing Technology web and print resources *
Leasing vs. Purchasing Technology references (4 of up to 20) *
- BBC News (2012) Bank Forgives Debt for School Technology Lease Rip-off, [Online], available at: http://www.bbc.co.uk/news/education-19667657.
- Buck, C. R. (1993) General Electric: Regional Healthcare Management, in Boland, P. (Ed.), Making Managed Healthcare Work, Aspen Publishers, Maryland, US.
- Chesbrough, H. W. (2006) Open Innovation, Harvard Business School Press, Boston, MA.
- CIPS (2008) How to Procure Capital Equipment, Chartered Institute of Purchasing & Supply, Knowledge Works.
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