The Debate: Copier Lease vs. Buy
The debate between copier lease vs. buy has been ongoing for a while now. Many arguments have been put forward to convince businesses to choose one side over the other. However, there is still no definitive answer to whether leasing or buying is better. But with the challenges that businesses faced in 2020, copier leasing may have emerged as the smarter choice. As the world slowly recovers economically, businesses are becoming smarter and making better choices when it comes to office solutions.
Copier leasing has become a popular choice for many successful companies such as law firms, government agencies, hospitals, and startups. While buying a copier may appear to be a viable option, there are several reasons why leasing a copier may be a better choice in the lease vs. buy debate. Leasing a copier could be more cost-effective in the long run and offer immediate tax benefits to your business. It may also be more convenient and flexible, enabling you to upgrade your machine as needed.
Six Reasons Why Copier Leasing Is a Better Option Than Buying
#1 Better and Smarter Financing
Buying a printer for your office upfront can be quite expensive. Copier leasing allows you to spread the cost over a more extended period, typically 24 months or more, depending on your lease term. With low-interest rates, we offer smarter financing for your business. The lease includes the cost of consumable parts, printer repair, maintenance, and other related expenses, making it a valuable deal for your business.
#2 Better Sustainability
Long-term office solutions like copier leasing are preferable to most successful companies as they provide long-term benefits. Sustainability is an essential concept that companies should practice to keep their businesses afloat. Copier leasing promotes sustainability by reducing the number of times you need to replace malfunctioning printers, thereby saving you unnecessary expenses.
#3 Better Copier Machine Upkeep
Maintaining a copy machine requires expertise and experience, and with copier leasing, you can rest assured that your printer’s upkeep is in good hands. With certified technicians at your disposal, we ensure that your copy machines are in good condition.
#4 Better Copier Machine Performance
Copier leasing offers access to top-of-the-range copy machines that provide better performance and efficiency than most desktop printers. You can lease the latest models that will meet your business’s printing needs.
#5 Better Flexibility
Copier leasing offers businesses the flexibility to upgrade their copy machines as their needs evolve. With a copier lease, you can easily switch to newer models without incurring additional costs. We offer flexible leasing terms that allow businesses to adjust their lease terms to suit their changing printing needs.
#6 Better Tax Benefits
Copier leasing offers businesses tax benefits that are not available with buying a copier outright. Lease payments are tax-deductible expenses, which means that your business can save money on taxes while enjoying the benefits of leasing a printer.
Pros of Leasing Your Workplace Printer
One of the main advantages of leasing a copier is that you can offset the net cost of the copier slightly. With a lease payment, you can deduct it as a business expense on your tax return. Additionally, copier leases are often structured so that the full lease payment is an immediate deductible expense.
Leasing also allows you to conserve your cash flows. With a small upfront cost, you can invest your money elsewhere, freeing up your finances for other business expenses.
When the lease period ends, the copier leasing company is responsible for taking back the machine, which relieves you from the burden of selling or recycling it. Most copier leases also come with a single price that includes maintenance and other services.
Why Leasing a Copier Might Not Be for You
Accrued interest is the most significant disadvantage of leasing a copier. You may end up paying more when you lease instead of buying due to the interest rates. Managing the copier equipment during the lease period can pose a challenge, especially if the machine is relocated to a different office.
If you decide to lease, it is essential to have someone overseeing and responsible for the agreement, ideally an individual with solid asset management skills. This will help ensure that you don’t end up overpaying or making other mistakes during the lease term.
Since the pros outweigh the cons, we can say that copier leasing is definitely a better option than buying a copier for your business. It offers better financing, sustainability, machine upkeep, performance, flexibility, and tax benefits. Contact us today to learn more about our copier leasing services and how your business can be taken to the next level!
