Imagine opening a door and finding yourself in a hallway, everyone is running from left to right. What do you do? Do you follow the masses or do you run the opposite way?
Well, from 2006-present, when companies overinvested, overhired, overfunded and overdid everything right and left, we remained conservative. Trust me, if I could have overdone anything, I probably would have, too. But we didn’t, and while every company is laying off 33% of staff, we actually find ourselves in the odd situation of expanding our company.
Whether you are buying equipment or hiring talent, this is an employer’s / buyer’s market… When buying equipment, companies have the choice to:
a) buy them outright
b) lease them with the option to replace them at Fair Market Value in 2 or 3 years
c) lease them with the option to buy them for $1 in 2 or 3 years
I figure in this climate, it’s best to hold on to cash so I am leaning towards financing (b or c). I came across this,
from PC World:
An FMV lease is generally best if you’re pretty sure you’ll upgrade to a newer notebook when your lease expires. If you’ll want to hang onto the notebook, then you should consider a $1 buyout lease. Keep in mind, though, that monthly payments on FMV leases are usually lower than $1 buyout leases.
So I’m torn. We’re looking at buying new Macs for editors to edit videos. And the shelf life of those bad buys - when pushed to the limit for video editing - are at most 2 years. But while the payments for the $1 buyout are a bit higher, I like the ideas of having a few extra Macs in a few years that we can usefor other purposes.
If anyone can chime in, it would be appreciated. Leave a comment or email me at ash@watchmojo.com.
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