Adopting a video conferencing system for your business can pay off in a lot of big ways. You'll save on travel costs, have the opportunity to meet with a wider array of clients no matter how far from your office they may operate and do it all while helping save the environment. Still, buying the equipment required for quality video conferencing can be a little pricey. So you might find yourself faced with a dilemma that everyone who's ever shopped for a car is all too familiar with: Lease or buy?
Leasing is attractive because it usually allows you to pay much less upfront - and monthly - than buying outright. If you think you may swap out your equipment for the latest versions very frequently, or you aren't totally sure that your operation wants to use video conferencing, leasing is a good option that carries a lot less commitment than purchasing. However, when the lease period is over, you've spent a lot of money - and you have nothing to show for it.
On the other hand, buying equipment can be a big investment up front. But once you own it, the equipment is yours. You can tinker with it to suit your needs, install third-party software and do whatever else you like to make the system more applicable to your business. However, buying does have a few drawbacks. For one thing, purchased equipment needs to last a while; you can't swap it out for the latest model every year like might be possible with leased equipment. Keep in mind, however, that video conferencing is a mature technology that doesn't require frequent upgrades to remain quite usable.
Whether you choose to lease or buy, investing in a video conferencing system is sure to be a boon to your business.