There are numerous businesses that require cash investment and would rather utilize it as working capital rather than spend on buying furniture and office accessories.
For such businesses, leasing or renting furniture is the ideal solution and makes a lot of financial sense.
It allows you to easily manage your operational expenditure as the business grows without any major cash outlays.
Here are three major advantages of renting office furniture:
1. Temporary Requirement
If you’re looking to get furniture only for a limited period of time or on a temporary basis, then renting is the way to go. You will find that this method is flexible and highly convenient and does demand any major investment other than a minor refundable deposit.
Businesses can hire furniture on a monthly or weekly basis and select from a range modern designs that
are very well-maintained.
2. Tax Saving
The purchase of office furniture is considered to be direct business expenditure and interest may not be deductible.
On the other hand, rental furniture is a short-term and flexible solution that ends when the project is completed or once a permanent solution is found. Rental furniture expense is tax deductible.
3. Convenience and Flexibility
As mentioned earlier, you can hire furniture on a monthly basis. Additional furniture can also be arranged upon demand. Once the requirement is over, you can simply return the furniture. This means a business can enjoy complete flexibility with regards to rental furniture.
In a rental furniture scenario, growing businesses also have the opportunity to increase the hired furniture requirements. They can also adjust the monthly installments to make it more convenient to pay up.
Singapore Furniture Rental is the preferred office furniture rental service provider in Singapore. We have served multinational corporations and local small and medium enterprises. You could find out our office furniture rental catalogue here.