Copier Leasing vs Buying: What Should Your Small Business Choose?
Copier Leasing vs Buying: What Should Your Small Business Choose? The average American office worker uses over 10,000 sheets of paper in just one year of doing their job.
Multiply that by the number of people in an office, and you’ve got one busy copying machine. But how often you use your copier isn’t the only thing you need to consider when it comes to buy or lease a copier.
If you’re a small business owner, you need to weigh the pros and cons of leasing and buying in the context of your own businesses resources and needs. We’ve laid out those pros and cons below, so you can make an informed decision between copier leasing versus buying.
Keep reading before making your final call.
Copier Leasing vs Buying Cost
The cost of your copier will range depending on whether you’re purchasing new, the brand you choose, and other factors such as whether you require color. But, as a general rule, this piece of office equipment can range between a few thousand dollars and more than $10,000.
Not included in that cost are costs for additional items such as paper, ink, and toner. In addition, you’ll need to cover maintenance and repair costs as they arise.
Copier leasing, on the other hand, has very low upfront costs. Instead of one large upfront cost, you pay a fixed monthly leasing fee. In many managed IT arrangement, your copier leasing package will cover costs for repairs, ink, and paper as well.
In the long run, though, copier leasing is more expensive. That’s because you pay interest throughout your contract. And, by the end of the lease agreement, you’ll likely have paid more than what you would have to buy the copier outright.
Leasing a Copier & Better Budget Management
If you find yourself needing a copier in a hurry, chances are the purchase will hurt your budget. This necessary piece of office equipment comes with a big price tag that will impact your financing if you weren’t ready for those costs.
A copier lease is a better option for your budget. The monthly costs are fixed, so you can fit it into the budget more easily.
Buying a Copier & Obsolescence
In today’s world, the latest and greatest technology changes quickly. Meaning that the copier you purchase today will likely be out of date within a few years of purchasing it. And that means that you’re not going to be able to make back what you’ve invested in your copying machine.
Copier Lease Contract
When you lease a copier instead of purchase it outright, you’re locked into a contract with your provider. If circumstances should change for you and your business, you’re obliged to hold up your end of that contract. So while your printing needs may change and grow, your contract might not have that flexibility.
Ask Us About Our Leasing and Buying Options
Copier leasing is a great option for avoiding a large initial investment, managing your budget, and avoiding obsolescence. But buying your copier is actually less expensive in the long run and doesn’t keep you tied to inflexible contracts.
If you’re still unsure, learn more about managed services here.