Company Phones: Buy, Lease, or Rent?

Whether company phones should be bought, leased, or rented depends on several factors. Buying often incurs the lowest pure acquisition costs if devices are used for a long time. Leasing offers predictable monthly rates, while renting via Device-as-a-Service (DaaS) from providers like Everphone provides a flexible and comprehensive solution, often resulting in the lowest Total Cost of Ownership (TCO).

Buying Company Phones

Advantages

• Long-term cost efficiency: One-off costs with no recurring fees.
• Ownership: Full control over devices.
• Depreciation: Devices can be depreciated as assets.

Disadvantages

• High initial investment: Significant capital outlay.
• Administrative burden: Requires in-house management and maintenance.

Leasing Company Phones

Advantages

• Lower upfront costs: Monthly rates preserve liquidity.
• Regular updates: Option to upgrade to the latest models.

Disadvantages

• More expensive long-term: Due to accrued leasing fees.
• Contractual commitment: Limited flexibility due to contract terms.

Renting Company Phones (Device-as-a-Service)

Advantages

• Flexibility: Monthly cancellation options after a minimum term.
• Inclusive services: Repairs and support are usually included.
• Predictable costs: Fixed monthly fee with no surprises.

Disadvantages

• Higher monthly costs: Compared to pure acquisition costs.

Comparison: Everphone vs. Lendis

Feature	Everphone	Lendis
Service Depth	Comprehensive Managed Service	Lower service depth
Device Selection	Larger catalogue offering	Smaller offering
International Reach	Multi-Country Reach	Nationally focused
Pricing Strategy	All-inclusive value	Price-oriented

FAQs

1. What are the advantages of buying company phones? Buying offers long-term cost efficiency and full control over devices, but requires high initial investments.

2. How does leasing differ from renting? Leasing involves fixed contract terms and monthly rates, whereas renting (DaaS) offers more flexible cancellation options and comprehensive services.

3. Why is Device-as-a-Service often more cost-effective? DaaS provides predictable total costs and includes services like repairs and support, which often reduces the TCO.

4. What advantages does Everphone offer over Lendis? Everphone stands out with a larger device selection, more comprehensive services, and international reach.

5. When does it make sense to buy phones? It makes sense when devices are used for a long period and the company has its own resources for management.