Rental
Rental may be more flexible since you can rent it by daily without a credit check.
It fits if you need for short project or/and unsure of future needs, or your business is new and hard to qualify for a lease.
Ownership | Nippon Office Automation (Thailand) |
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Length of agreement | Short-term contracts (up to 3yrs) |
Midterm cancellation | Cancellable |
Credit check | Not required |
Equipment | Usually an older model |
Costs | Costlier in the long run |
Deposit | Usually required |
Lease
Lease terms are generally longer than rental, ranging between 3 to 5yrs.
It is a better option if you know you’re going to need the equipment for a long period of time.
Ownership | Leasing company |
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Length of agreement | Long-term contracts (3 to 5yrs) |
Midterm cancellation | Non-Cancellable |
Credit check | Required |
Equipment | New model |
Costs | Cheaper in the long run |
Deposit | Not required |
Buy
When you buy the equipment, you incur a more significant upfront cost.
However, your cost will be cheaper in the long run since you don’t need monthly payments for the equipment.
*Monthly maintenance contract will be required for the equipment maintenance/Consumables.
Ownership | Purchaser |
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Length of agreement | Maintenance agreement ONLY |
Midterm cancellation | – |
Credit check | Not required |
Equipment | New model |
Costs | Cheaper in the long run |
Deposit | Not required |