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Purchase or Lease New Laptops

From Catherine Roseberry, for About.com

Pros

  • Monthly payments can be easier on the budget
  • No fear of obsolescence
  • Quick replacement in case of problems
  • Free technical support
  • Maintenance agreements are available to provide hassle free repair/replacement
  • Allows mobile workers to try different laptops without the commitment of purchase
  • Use a leasing arrangement to determine which laptop is best for mobile office workers

Cons

  • Payments may end up more than price of purchase
  • May be locked into long lease periods before upgrading or trading in is allowed
  • If international travel is involved may not have option of getting repairs or replacement in a timely fashion
  • Inability to return laptops no longer required – stuck paying for a laptop not in use

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