Leasing vs Buying
Compare the costs
Compare the costs
Before switching to leasing, it’s important to consider the financial side of your investment.
To help you compare DaaS with buying, here’s a cost comparison over three years for a Lenovo ThinkPad E14.
Running the numbers for a larger tech stack.
A typical DaaS order for a new Devices for Teams client is 100 laptops. Here’s how this could look in real life across a 3-year period.
Purchasing a Lenovo ThinkPad E14
Costs over 3 years
Purchase Price – £770
Lenovo 3-Year Premier Support Plus – £189
Lenovo 3-Year Accidental Damage Protection – £78
3-Year Theft Cover – £75
Asset Tagging – £22
Pre-Config Service – £55
Total £1189
Leasing a Lenovo ThinkPad E14
Costs over 3 years
Subscription £26.95 per month
Included
Included
Included
Included
Included
Total £970
Potential Savings: £219
Figures shown are for our Essential subscription. Premium subscriptions come with even greater flexibility. We also offer a comprehensive range of affordable add-ons, including insurance, carbon offsetting, data backups, device management and cybersecurity that can easily be bundled into your subscription.
Running the numbers for a larger tech stack .
A typical DaaS order for a new Devices for Teams client is 100 laptops. Here’s how this could look in real life across a 3-year period.
Purchasing a Lenovo ThinkPad E14 Costs over 3 years
Leasing a Lenovo ThinkPad E14 Costs over 3 years
Lenovo 3-Year Premier Support Plus – £189
Included
Lenovo 3-Year Accidental Damage Protection – £78
Included
3-Year Theft Cover – £75
Included when you lease from us
Asset Tagging – £22
Included
Pre-Config Service – £55
Included
Total
Total
Total £1189
Total £970
Potential Savings: £219
Figures shown are for our Essential subscriptions. Premium subscriptions come with even greater flexibility. We also offer a comprehensive range of affordable add-ons, including insurance, carbon offsetting, data backups, device management and cybersecurity that can easily be bundled into your subscription.
But what happens at the end of three years?
Buying
When purchasing, you will, of course, own the devices. A widely accepted depreciation figure for computers after three years is 75%, meaning £150k of tech will be worth around £37,500.
When purchasing, you will, of course, own the devices. A widely accepted depreciation figure for computers after three years is 75%, meaning £150k of tech will be worth around £37,500.
Leasing
- Exchange your devices for new ones.
- Continue leasing the models you have.
- Return your devices (we’ll pick them up and wipe it).
- Buy them at fair market value.
But don’t forget you can also switch your devices after just 12 months with a Premium subscription.
We’ve yet to find a calculator that can put a price on success.
Comparing the costs of our all-inclusive tech subscription service with buying outright is never straightforward – because the numbers alone don’t paint the full picture.
As our figures show, opting for Devices for Teams’ DaaS solutions can reduce the outlay on £150,000 worth of tech by approximately 10-15% over three years compared to buying outright.
But the reality of the potential savings goes much deeper.
We’ve yet to find a calculator that can put a price on success.
Comparing the costs of our all-inclusive tech
subscription service with buying outright is never straightforward – because the numbers alone don’t paint the full picture.
As our figures show, opting for Devices for Teams’ DaaS solutions can reduce the outlay on £150,000 worth of tech by approximately 10-15% over three years compared to buying outright.
But the reality of the potential savings goes much deeper.
For many businesses, buying tech is a
poor long-term solution. Here’s why
Time
For a business to buy, set up and manage a £150k tech stack, hundreds of hours of labour – involving everyone from IT to HR, Ops and Finance – may be required. With Devices for Teams, everything is taken care of.
Performance and Productivity
When ageing tech becomes unreliable (an inevitable by-product of extended use), employees can’t function at their best. One study found that when Washburn University in Kansas switched to leasing, end-user performance improved by 70%.
Performance and Productivity
When ageing tech becomes unreliable (an inevitable by-product of extended use), employees can’t
function at their best. One study found that when Washburn University in Kansas switched to leasing, end-user performance improved by 70%.
Flexibility
Few businesses can accurately predict their tech needs beyond the immediate future. As a result, overbuying is common – meaning some purchased devices are never used. When leasing your IT solutions from us, upsizing, downsizing and changing devices regularly is easy.
Cash flow
A £150,000 dent in your cash flow can prohibit other strategic endeavours. By contrast, DaaS subscriptions from Devices for Teams come with one manageable monthly payment that helps keep you nimble. You’ve already switched from packaged software and on-premises data storage to subscription-based services. Following suit with your hardware is the final piece in the puzzle.
Cash flow
A £150,000 dent in your cash flow can prohibit other strategic endeavours. By contrast, DaaS
subscriptions from Devices for Teams come with
one manageable monthly payment that helps keep you nimble. You’ve already switched from packaged
software and on-premises data storage to
subscription-based services. Following suit with
your hardware is the final piece in the puzzle.
And the #1 reason why DaaS trumps buying for many businesses?
It gives your business a competitive edge
5 ways reliable tech gives you an advantage:
Rapid access to game-changing innovations
Leasing ensures an up-to-date tech stack that lets you capitalise on CPU-hungry AI solutions and other innovations as soon as they emerge. Seamlessly upgrade to state-of-the-art devices that your competitors may not have access.
React to fast-changing market conditions
Easily scale your technology up or down based on what’s happening today – not what your strategy teams thought might happen two years ago.
Continuous innovation
Tring to run an R&D team on yesterday’s hardware is like trying to get to Mars on a bicycle. Leasing erases device obsolescence and provides rocket fuel for your innovators.
Weather any storm
Leasing gives you flexible freedom. Instead of locking cash away on a depreciating asset, always have cash on hand for unexpected events that could otherwise drag you under.
Impress clients
Nothing says you mean business – and can be relied on – like an up-to-date tech stack. Clients who believe in your commitment to technology are more likely to view you as a future-focused partner.
We provide high-tech device-on-demand subscriptions to:
Making the right choice for your business
In some cases, buying devices for your business makes sense. For companies in mature industries that rarely change or those with stable tech needs, buying computers with the intention of getting the maximum long-term value out of them can be attractive.
For more progressive firms who understand the many business benefits that come with accessing up-to-date
tech on flexible terms, leasing is very often the way to go.
Why not speak to one of our experts to see if a tech subscription from Devices for Teams is right for you?
Making the right choice for your business
In some cases, buying devices for your business makes
sense. For companies in mature industries that rarely change or those with stable tech needs, buying computers with the intention of getting the maximum long-term value out of them can be attractive.
For more progressive firms who understand the many business benefits that come with accessing up-to-date
tech on flexible terms, leasing is very often the way to go.
Why not speak to one of our experts to see if a tech
subscription from Devices for Teams is right for you?
