There is a simple rule to follow:
Rent Or Lease If:
You need office furniture short-term, buying is never recommended. You expect your rate of employee attrition to fluctuate and your furniture needs to change. You’re business is expanding quickly and you’re unsure of your future space plans. Your financial plans require limited capital outlay. Purchase if:
It makes smart financial sense.
Deductible expense – Section 179 in the current (2018) tax code, allows for deductions on equipment up to $500,000 the first year.
Depreciation – Your furniture may be depreciated over time. Costs less than renting or leasing.
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