When buying copiers or MFPs, consider the following factors:
SLA uptime guarantee - Ensure an adequate response time
Cost to upgrade or replace the system in the future
Pages per Minute (PPM) is the measurement of print and copy speed.
Taxes, insurance and other costs.
Security features: Authentication, encryption of data, and hard drive overwrite
Minimize costs when needs are only short-term
Contact lessor for maintenance, services, upgrades as needed
Purchases or Down Payments - Costs upfront
Cash Flow - Leasing offers predictable payments; buying may impact cash flow with large initial payment
Potential tax advantages depending on lease structure
Some of the key differences between copier/printer leasing versus buying include:
Provide supplemental capacity during a peak period
Benefits of copier/MFP leasing include:
No recurring lease costs to contend with
Buy Copiers and Printers Directly
If you only need equipment for a short period of time, such as a few weeks or months, renting may be a better option than leasing or buying. Copier rentals are available on a monthly basis with flexible terms.
Purchasing equipment can be advantageous for businesses that have a steady demand for printing. It is important to have the money upfront.
What are the terms of end-of-lease? What are the costs involved?
Use dust covers and clean spills immediately
It's important to compare the total cost over the lifecycle of the equipment when deciding between buying and leasing. Cost analysis should include the following factors:
One cost-effective option is leasing copiers instead of purchasing them outright. Leasing spreads costs over time, includes maintenance, and allows for easy upgrades.
Research and partner with reputable copier suppliers or leasing companies known for offering high-quality, reliable copiers.
The best choice depends on your specific requirements. Evaluate factors like budget, usage volume, and desired features to determine if leasing, purchasing, or renting is ideal.
Leasing offers benefits like lower upfront costs, maintenance included, flexible terms, and easy equipment upgrades.
Compare lease offers from different providers, negotiate terms, and consider refurbished or lower-volume models for affordability.
Ensure the lease aligns with your business needs, choose the right leasing company, and maintain the copier properly to maximize its utility.
Leasing provides budget flexibility, access to advanced technology, tax advantages, and eliminates the hassle of equipment disposal.
Assess your usage, budget, and service requirements. Read lease terms carefully, negotiate when possible, and choose a reputable leasing company.
Opt for a fair market value lease, consider energy-efficient models, negotiate service agreements, and assess your true copier needs to save costs.