Lease vs. Buy: What’s Best for You?
Several factors should be considered when deciding whether to lease or buy an asset. Purchasing ties up capital and may force the organization to choose between competing proposals. Private sector managers are likely all too familiar with having to show how a piece of printing equipment can contribute to the overall financial performance of the company. In business, where funds are often borrowed to acquire assets, purchasing an asset can tie up lines of credit and limit access to operating funds.
Ray Chambers, CGCM, MBA, has invested over 30 years managing and directing printing plants, copy centers, mail centers and award-winning document management facilities in higher education and government.
Most recently, Chambers served as vice president and chief information officer at Juniata College. Chambers is currently a doctoral candidate studying Higher Education Administration at the Pennsylvania State University (PSU). His research interests include outsourcing in higher education and its impact on support services in higher education and managing support services. He also consults (Chambers Management Group) with leaders in both the public and private sectors to help them understand and improve in-plant printing and document services operations.
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