I'm not sure how much to lease, what should I put as an estimate?
Our leasing partner requires us to ask for a leasing estimate in order to see if you're eligible for that amount. It doesn't have to be exact, and you can change it later. If you need a ballpark estimate, use $2,000 per device.
Which lease length should I choose?
Upgraded offers 12, 24, 36, and 48 month leases. A 12-month lease is best for short-term needs or fast-scaling teams who want flexibility, while 24 months suits startups and creatives who prefer to stay on newer devices. A 36-month lease offers the best overall balance of cost and flexibility. A 48-month lease has the lowest monthly cost but works best for companies with in-house IT and longer device lifecycles. If you’re not sure where to start, we usually recommend the 36-month option.
Which lease type should I choose? (traditional vs financial lease)
When leasing devices through Upgraded for business, you’ll choose between two common options: a traditional lease or a financial lease (also called a $1 buyout lease). Each has different benefits depending on how your company uses technology.
Traditional lease (fair market value lease)
A traditional lease gives you lower monthly payments, but if you want to own the devices at the end of the lease, you’ll have to pay fair market value for them (which would be more expensive than the $1 buyout option.)
This option is great for companies that want to stay on the latest tech consistently, avoid owning depreciating hardware, or prefer to keep monthly costs low.
Financial lease ($1 Buyout lease)
With a financial lease, you pay slightly higher monthly payments, but you own the device outright at the end of the term, for just one dollar.
This is a good option for companies that want to keep devices for longer or prefer to own their equipment.
How to Choose:
Choose a traditional lease if your team upgrades frequently, wants the lowest monthly cost, or doesn’t want to deal with reselling or managing aging devices.
Choose a financial lease ($1 buyout) if your team wants to own the devices at the end.
Still not sure? Reach out to our team and we’ll help you find the right structure for your needs.