How to Lease a Computer

Leasing a computer is much more expensive than buying, but it might make sense if you need to upgrade often or spread out payments over two or more years.

Difficulty: Moderately Easy

Instructions

Things You'll Need:

• Computer Monitors
• Printers
• Computers

1. If you wish to lease a particular brand of computer, check the manufacturer's Web site to see if they offer direct leasing.

2. Check your local Yellow Pages under Computer-Rent & Lease to find local lessors. Some of these companies only deal with business leases, so call to make sure that they lease to individuals.

3. Use a search engine to find online lessors. Look for a good deal or find a local business through the regional links.

4. Find out how many months you are obligated to continue the contract. Expect a minimum of 24 months.

5. Check the contract to determine early lease termination fees.

6. Find out who is financially obligated to keep the equipment working during the lease term.

7. Ask about terms for including software and peripherals in the lease.

8. Determine the options and costs for upgrading equipment during lease term.

9. Find out your options at the end of lease, which should include all of the following: upgrading to new equipment, purchasing the leased system at a fraction of the original price, and returning the system with no financial obligations.

Tips & Warnings

• Compare the cost of leasing to financing a computer purchase through a local retailer or with a bank loan.
• Consider getting a free or nearly free computer with a commitment to an Internet service provider (ISP).
• Rent computer time at a local quick-print shop.