Sometimes the most difficult art about finding the business phone system that is perfect for your business is making it work with your budget. Just remind yourself that when you get the best technology you always end up saving money by way of better communication. With that said, there are several options to make the initial cost lest painful.
Most VoIP providers know multiple leasing companies. Once they put you in touch with one, the leasing company will do a business credit check to see what’s available to your business. Typically, you can get leases from anywhere to 12 to 60 months. Once the lease is up you have the option to return the equipment or purchase it. A large number of businesses have been choosing this method due to 0% financing which makes the monthly payment extremely affordable!
Local Bank Loan
A lot of business owners have great relationships with their bankers. If you fall into this category, a loan may be a great fit for you. However, our recommendation is to have it paid off within six months. Another tip is to get your VoIP provider to supply you with the parts sheet and any other relevant information for the business phone system you are interested in. This way the loan officer can see exactly what you will be using the loan for.
Cash vs. Credit Card
If you have a business credit card that earns you points and rewards you could always use the card to purchase the phone system (as long as you bear in mind that there might be an additional surcharge attached with it). Another good idea is to ask your vendor if you could get a discount by paying cash. By getting creative with your method of payment, you can have that new business phone system installed before you know it!