Are you in the market for a new office copier? If so, you may be wondering whether to purchase or lease the machine. While purchasing a copier is often seen as the more “traditional” route, there are many advantages to leasing an office copier. In this article, we will explore the benefits of leasing an office copier and how it compares to purchasing one outright.
benefits of leasing an office copier
Leasing an office copier has many benefits over purchasing one outright. Here are just a few of them:
Lower Repair and Maintenance Costs: When you lease a machine, service repairs are often included in the agreement, meaning you don’t have to worry about any unexpected repair costs down the line. Additionally, leased machines typically come with warranties which can cover unexpected repairs or maintenance issues.
Flexibility to Upgrade: Technology advances rapidly over time and leasing gives you the flexibility to upgrade your equipment as needed without having to buy a new machine each time. This helps you keep up with advances in technology while saving money and avoiding costly capital expenditures.
Cost Savings on Capital Expenditure: When you purchase a machine outright, it counts as debt on your business’s balance sheet. By opting for a monthly payment plan instead, you avoid taking out loans and paying interest on them down the road.
Tax Advantages of Leasing Machines Instead of Purchasing Them: When you lease equipment, you can write off its full amount rather than depreciating it over time like when buying outright. This can provide great tax incentives for businesses that choose to lease their machinery instead of buying it outright.
overview of purchasing vs leasing an office copier
Purchasing an office copier offers some advantages over leasing such as owning the equipment outright and being able to customize it however you see fit; however, these advantages are far outweighed by those that come with leasing a machine such as lower repair costs, flexibility to upgrade when needed, cost savings on capital expenditure and tax incentives for businesses that choose this option.
Leasing an office copier can provide a business with many advantages. One of the greatest benefits is lower repair and maintenance costs than what you would get from owning a copier outright. This is because instead of bearing the full expense of arepairs that arise over the course of contract, you can opt for less costly maintenance contracts from your leasing service that can keep your financial commitment to a minimum. Regular upkeep is also aided by leasing, as your device will be under warranty for the entirety of the term, helping to identify and troubleshoot any irregularities or malfunctions with swiftness and efficiency. And when it comes time for replacement or upgrade to your machinery, a lease contract is completely flexible, allowing you to adjust-on-the-fly in order to meet changing workflow demands. All these elements add up to create an economical leasing solution with the potential to save businesses time and money over the lifespan of their agreement.
Purchasing an office copier can be intimidating, as it is a long-term investment that your business is expecting to use for many years. After only three years, the technology may significantly advance and its features may become outdated meaning you don’t have access to the most up-to-date equipment. Leasing is a good alternative for businesses who don’t want to be handcuffed to a single machine for an extended period of time; instead companies can pick the right machine for their current needs with less commitment and can upgrade much more quickly if desired. With the ability to stay up-to-date on technology and not get stuck with an obsolete copier, leasing can be ideal choice when weighing all the options in buying or leasing a copier.
The benefits of leasing versus purchasing an office copier are clear; from lower repair costs to tax incentives and flexible upgrades, there is no doubt that choosing a lease is one of the best decisions for any business looking for quality printing capabilities at cost-effective prices. With all these advantages in mind, it’s easy to see why more and more businesses are opting for leased machines instead of buying them outright!
