3 Advantages of Leasing an Office Copier
Running a business of any size is costly. So many things need to be prioritized, maintained, repaired, or replaced. One thing you’ll likely consider is getting a copier for the office.
It may include many functions, such as scanning, printing, copying, email, and more. Regardless of the ideal copier for your purpose, you need to consider how you plan to finance it.
The two options are buying one outright or leasing it. Which one is right for you? Depending on your specific financial condition, one approach might be more or less expensive than the other. But what are the perks of leasing over buying?
In this article, we’ll discuss three benefits of leasing an office copier and whether to lease or purchase one based on your unique needs. To learn more, keep reading ahead.
The technology in modern copier machines allows you to do everything you want, but they can be expensive. The more features you need from your machine, the more it will cost. With leasing, on the other hand, you don’t have to worry about that.
When you choose the leasing path, you have the benefit of knowing your monthly expenses. There isn’t a big change in costs from when your lease expires and you upgrade to a new device, which is close to the original payment. Bear in mind that if you own the device and need to upgrade it unexpectedly, a significant expense could be involved.
Another added advantage to leasing is there is no down payment. That way, you can keep your cash flow strong and use your capital to invest in your business rather than buying a brand-new printer. On top of that, operating leases have tax benefits. This means you can write off your lease payments entirely.
Buying a copier means that it is fully yours. However, if you want to upgrade to the latest model, you have to purchase a new one and are responsible for disposing of the old machine.
Leasing allows you to keep your equipment up to date without dealing with huge expenses or the hassle of removing the older copier. Instead, when your lease expires, you have the opportunity to upgrade to a new and improved device with little additional costs. You may even be eligible to upgrade for free.
All you have to do is contact your office copier company and they will deliver the new device and remove the old one for you. This is a great way to test out new features and decide what you like and don’t like. Additionally, upgrading is not compulsory, so you have the freedom to decide if you want to or not.
If you run a small business and want to keep up with competition, leasing is the solution for you. Leasing can enable your small business to acquire sophisticated technology that might otherwise be unaffordable.
3. Buy-out options
At the end of your lease, you may have the option to purchase and keep the machine. This is a fantastic route if you love the machine and the features that come with it.
Leasing options and office copier rentals are great in allowing you to try out the machines first. At the end of the lease, if you don’t love the copier, you don’t have to purchase it.
By buying a copier, you may be able to customize some of the features. Although, if you don’t like the machine, there may only be a small window in which you can return it, and additional fees as well.
Leasing vs. Purchasing: Which One Should You Choose?
As discussed earlier, leasing gives many advantages to businesses looking to save money on a new copier. It is a cost-effective option since you know what to expect from your monthly expenses, don’t have to pay a down payment and can enjoy tax benefits. At the same time, you can pay little to zero costs when upgrading to a new machine and opt to purchase the equipment at the end of your lease.
While leasing has its perks, purchasing a copier also has its own benefits. Even though you need to spend more money to buy the actual equipment, you have the added bonus of getting a maintenance agreement. This covers on-site service and supplies, allowing you to save money on basic necessities for your copier.
Purchasing a copier offers simplicity and convenience, as you can gain full ownership without dealing with the headache of your lease expiring or renewing it. Additionally, you don’t need to worry about credit checks that are typically required for new businesses. You can pay less by avoiding interest costs as well.
Finally, if investing in new technology isn’t a priority for you, you can keep the equipment you have already paid for as long as it meets your needs.
If you’re still uncertain about whether to lease or purchase a copier, you have no need to worry. Reach out to our team and one of our experts will assess your requirements to help you select the best financing option for your business.
Contact the Professionals at DOS Canada
DOS Canada is your expert in copier devices, and we make sure that you stay within budget while getting a machine that will work as hard as you. Serving the GTA and businesses across Canada, we provide clients big and small with top brand names and guarantee a 3-hour response when repairs are needed to prevent delays to your company.
Before you even lease or purchase a machine, DOS Canada will carry out an assessment to see what your needs are. This assessment is designed to ensure you get what you need, not what you don’t.
There are financing options with customizable agreements to suit every budget. With leasing, you have the ability to state your preference to renew or upgrade at the end.
DOS Canada gets to know you before you decide to lease or purchase and supports you and the machine at all times. So, reach out today and call our professional team of experts at 1-647-557-1788 or contact us online. We look forward to helping you with your copier needs.