Should You Lease or Purchase a Laptop?

Mobile professionals benefit from current technology

Hands on laptop, alongside another laptop
Tomohiro Ohsumi / Stringer/Getty Images

Should you buy a laptop or lease one? That question is one that mobile office professionals and their companies must consider carefully.

Working with outdated mobile gear and attempting to use workarounds can cost a company time and money, which defeats the purpose of mobilizing the workforce. Ensuring that mobile office professionals have the best equipment is paramount to ensuring their success on the road. Unless you are planning to buy a new laptop every two years for your mobile workforce, you may be better off leasing them.

What's at Stake?

It's important for mobile office workers to keep up with technology, especially as it relates to mobile office technology. Networking and software programs are constantly changing and upgrading. If you purchased your last laptop, odds are it’s already obsolete. Laptops are difficult and expensive to upgrade. Older laptops that your company owns but no longer needs are difficult to sell for a fair price.

Leasing provides you with a laptop that is current technology. Most leasing arrangements have options for trading in for newer and more up-to-date models after a specified period.

Review the pros and cons of leasing and use that information to determine whether you should purchase or lease your laptop.

Pros of Leasing a Laptop

  • Monthly payments can be easier on the budget.
  • There's no fear of obsolescence.
  • Quick replacement takes care of problems.
  • Free technical support is available.
  • Maintenance agreements provide hassle-free repair and replacement.
  • Mobile workers can try different laptops without the commitment of purchase.
  • It's a way to determine which laptop is best for mobile office workers before buying.

Cons of Leasing a Laptop

  • Lease payments may end up more than the price of purchase of a laptop.
  • Your company may be locked into long lease periods before upgrading or trading in is allowed.
  • If international travel is involved, leased laptops may not have options for getting repairs or replacement in a timely fashion.
  • When a laptop is no longer needed, it may not be returnable, and the company is stuck paying for a laptop that is not in use.