Pros and Cons of Buying New Equipment for a Startup

Every new business owner needs some type of equipment. Whether machinery to make something or software to track inventory, some kind of equipment will be needed. Unfortunately, that equipment can be very expensive. So to combat those costs, some business owners opt to lease or buy used equipment. Unfortunately, saving money upfront can lead to longer-term issues for your business. So here are the pros and cons of buying new equipment for a startup.

PROS

Looks – For a startup, appearance can be everything. If the equipment will be seen by clients, the value of appearances may outweigh the added costs.

Warranty – Most new equipment will come with some form of a warranty. That warranty will give you peace of mind that there will …