Many ignorant of IT leasing benefits

Johnson Reed
1m read

Some new research just announced has shown that many SME companies are either unaware of the avenues available for IT finance leasing, or simply haven’t considered it. At a time when budgets are severely stretched, the researchers have suggested that a lot more should be done in the industry to persuade smaller companies to appreciate the undeniable benefits of sourcing finance for their IT needs.

Findings were based on a study by research firm Quocirca and BNP Paribas Leasing Solutions. As many as 76% of respondents said that they would use finance for their company vehicles, yet only 30% had sought finance for IT equipment. Of these, a mere 1% had actually used finance for software.

Less than 40% claimed that financing was unnecessary for IT, stating that if the cash were available, they would use that route rather than lease finance. This is despite the fact that 64% of the companies surveyed said that they expect their IT budgets to decrease throughout 2013. The researches concluded that, because of the expected drop in budgets, there will be a ‘golden opportunity’ this year for IT financers to show how beneficial it could be to lease technology equipment.

At Johnson Reed we could demonstrate this by a whole raft of case studies of companies for whom our leasing service has provided an invaluable lifeline during this prolonged dip in trading fortunes.