One thing that often gets overlooked with a copier lease vs. copier purchase comparison is that you can often lease a much larger machine that you couldn’t afford to purchase outright. In many businesses that can lead to increased productivity, reduced downtime and greater efficiency and opportunities. Here are a few advantages to leasing a copier: Leasing keeps your equipment up-to-date with newer technology. You can choose the option that makes for the most comfortable leasing arrangement, normally up to 5 years, giving immediate access to the photocopier / printer equipment you need, the necessary speed, and the right multi functional technology, via payments your business can handle and without the large deposit normally associated with outright purchase.
With a lease, you pass the financial burden of obsolescence to the equipment leasing company. You have more predictable monthly expenses. Because leases rarely require a down payment, you can acquire new equipment without tapping much-needed funds. Leasing can reduce your overall tax bill, as the cost is deductible as a business expense reducing the net cost of leasing the equipment. Normal leasing options include both a fair market value lease and a $1 buyout lease. Your money is not tied up in equipment costs & can be invested in other ways. Payments will be the same each month.
When it’s time for your lease to expire, you may choose to keep your equipment or upgrade to newer equipment. Most businesses choose fair market value (FMV) leases, because they offer lower monthly payments than $1 buy out leases. In general, fair market value leases make the most sense for businesses that don’t want the hassle of owning a copier, and want to continually lease recent models instead. However, a $1 buy out lease does offer an advantage for lessees who plan on eventually buying, because the buyout cost is stipulated in the contract at the point of signing.
-Dan Espenshade
Beltway Office Systems
Beltway Office Solutions provides Copier Leasing, Copier Sales, Copier Service, Copier Repair and Document Management Solutions. We also have Short Term Copier Rentals and Long Term Copier Rentals available for Maryland, Washington DC, Northern Virginia and the Surrounding Metro Area.