Use recommended maintenance and duty cycle schedules
Build business equity through owned equipment
Maintenance/service costs over the term
Many companies have found leasing to be a very popular option. Leases are based on a fixed monthly payment that covers the use of equipment for a specified period, such as 3 to 5 years. You can either return the equipment at the end of your lease or buy it.
Copiers and MFPs today can provide reliable service in busy office environments for up to 3-5 years.
Cleaning the scanning glass and rollers is recommended on a regular basis.
Leasing Copiers and MFPs
Evaluate printing/copying needs and requirements
When leasing a MFP or copier, you should consider:
Technology can be upgraded more frequently
Leasing, renting and purchasing are all viable options when it comes to acquiring new multifunction printers or photocopiers. The best decision is based on factors such as costs, equipment requirements, usage levels and ownership goals. Asking the right questions and conducting thorough research will help you choose the best route to acquire the technology that you need.
Ongoing maintenance and supply expenses
To decide between leasing and buying, it's important to compare total costs over the useful life cycle of the equipment. Major factors to include in the cost analysis:
Tax Treatment: Lease payments can be claimed as an operating expense. Purchased assets may also be depreciated.
Lease term length - usually 3-5 years, but can be shorter.
Budgeting for predictable monthly expenses
Acquiring Copiers & Multifunction Printers: Leasing, Rentals, or Buying
Compare the cost of leasing vs. buying a copier
Steps to Lease a Copier or Printer
No long term commitment required
Project and add up all costs over a 3-5 year period for both buying and leasing to derive the total cost of ownership. This provides an apples-to-apples comparison of the two alternatives over an equivalent term.
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.