To Buy or Rent Office furniture - Pros and Cons
Updated: Dec 14, 2022
Whether you’re setting up a new workspace from scratch or replacing the furniture that’s past its prime, you’re probably wondering what the most cost-efficient way to furnish your office is. Should you save more money upfront by renting or invest in office furniture that will last your business for years?
To help you reach a decision, we’ve created a guide to help you determine the benefits and drawbacks of renting vs. buying furniture. Read on to gain a better understanding of which action will be best for your enterprise.
Pros of Renting Office Furniture
Is leasing furniture ever a good idea? In a few select cases, the answer is yes. For starters:
Renting furniture is initially more affordable than purchasing furniture upfront—you might be able to rent business furniture for about one to two years before you’d spend what you would on buying the same items. If you’re working with limited funds while you’re trying to get your company off the ground, renting may be right for you in the beginning.
Renting may also be a good option if you’re on a short-term lease for your office space. Moving an office’s worth of furniture across a city is a hassle, so renting for a few months before returning the pieces may be more convenient than shelling out for quality furniture and professional movers.
Cons of Renting Office Furniture
Now for the disadvantages of renting furniture.
First of all, you may not have as many options to choose from when you’re renting instead of buying. There are tens of thousands of furniture retailers and only a few hundred furniture rental businesses, so your rental choices could be limited.
Next, although renting furniture is less expensive at first, the costs can really add up over time. If you choose to rent for a couple of years or longer, you will likely end up spending more money than you would have if you’d bought the furniture outright. If you know you’ll need certain pieces of business furniture to last a long time, it makes a lot more sense to purchase it than rent it.
Lastly, there may be hidden costs associated with renting furniture that you haven’t considered. For instance, you’ll have to pay for delivery and removal, and depending on the terms of the contract, you might also have to pay for renters’ insurance. You also may incur fees if the furniture has excessive damage or wear and tear after your office uses it (speaking of which, there’s a good chance you’ll have worn and damaged rental furniture in your workspace if the previous renters weren’t careful).
If you do decide to buy new office furniture instead of renting, the question then arises whether to buy from your local retailer or work with an international office furniture brand like Stellar Global that exports to over 80 countries worldwide from its factories in China and India. We undertake large scale projects in countries across the world and manage everything from workspace design to interior planning, 3D simulation and actual furniture planning, production, logistics and turnkey support. Write to us at firstname.lastname@example.org and fix a meeting with one of our highly skilled office furniture experts and project planners.