Pros and Cons of Leasing a Color Copier
Are you thinking of leasing a color copier? Here are some things to consider before making your decision. Color copiers can be expensive, so it’s important to weigh the pros and cons before signing any paperwork. Leasing a color copier may be a good option for businesses that need to produce large quantities of high-quality color copies on a regular basis. However, there are also some drawbacks to consider before making your final decision. Keep reading for more information on the pros and cons of leasing a color copier.
PROS
Lower Up-front Cost
Leasing a color copier has a few advantages. The lower up-front cost is one advantage. When you lease a color copier, you typically make smaller monthly payments than if you bought the machine outright. This can be helpful if you’re tight on cash flow or need to conserve capital for other business expenses. Another advantage of leasing is that it may be easier to get approved for a lease than for a loan to purchase a color copier. This is because the risks are lower for the leasing company since they retain ownership of the machine.
When you lease a color copier, you typically make smaller monthly payments than you would if you bought the machine outright. This can be helpful if you’re tight on cash flow or need to conserve capital for other business expenses.
You’ll Have The Option To Upgrade
One of the best advantages of leasing a color copier is the option to upgrade. When you lease, you can typically upgrade your machine after a certain amount of time has passed. This means that you can always have the latest and greatest color copier on the market, which can help you stay ahead of the competition.
Helps You Save Money In The Long Run
Another advantage of leasing a color copier is that it can help you save money in the long run. When you purchase a machine outright, you have to pay for it in full upfront. This can be a large expense, especially if you need multiple machines. However, when you lease a color copier, you only have to make monthly payments. This can help free up some cash flow so that you
Maintenance Costs Are Covered By The Leasing Company
When you lease a color copier, the leasing company becomes responsible for its maintenance and upkeep. This can free up some of your time and budget to be spent on other important aspects of running your business.
Tax Benefits
Leasing a color copier may provide tax advantages for your business. When you lease a color copier, you may be able to deduct the payments as a business expense on your taxes. Check with your accountant or tax advisor to see if this applies to your situation.
You Get The Latest Technology
Another possible advantage of leasing a color copier is that you can get the latest and greatest technology without having to pay the full purchase price upfront. When you lease, you can spread the cost of the copier over its useful life, making it easier to budget for.
CONS
You Don’t Own The Copier
One disadvantage of leasing a color copier is that you don’t own the machine at the end of the lease term. This means that you’ll have to return the copier or make arrangements to purchase it from the leasing company.
There Is A Required Lease Period
The lease period for color copiers is typically 36 months. The reason for this is that color copiers are expensive to maintain and the companies who lease them want to be sure they will get their money’s worth over the long term.
Strict Terms Of Contract
The leasing company wants to protect its investment, which is the copier. The contract terms are designed to do that by limiting how you can use the copier and what happens if you don’t make your payments.
The big decision when leasing color copiers is whether to get a lease with service or without service. If you have a service contract, then the leasing company will maintain the copier and replace any parts that break. This is convenient, but it also means that you’re locked into using that particular leasing company for the duration of the contract. If you don’t have a service contract, then you’re responsible for maintaining the copier and fixing any problems that arise.
You Can’t Sell It
You can’t recuperate any expenditures by selling the copier since you don’t own it. At the end of your lease, you will have to return the machine to the leasing company.
At the end of your contract, you may be able to sell a leased color copier, but it will likely be at a significant discount. Because you don’t own the machine, the leasing company will still have a say in what happens to it. And, they may not allow you to sell it or may charge you a fee for doing so.
All in all, leasing a color copier can be a great option for businesses that are looking to save on costs and want the convenience of having a machine delivered to their office. If you’re interested in learning more about leasing a color copier or any other type of office equipment, feel free to give us a call today. We would be happy to answer any questions you have and help you get started on the path to finding the perfect office solution for your business.
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Office Machine Specialists has been servicing and selling office equipment since 1995. A family-run business that has dedicated our efforts to providing the best equipment options and after-sales service to our clients. Our goal is to ask the right questions and guide our customers to make smart decisions about new machine leases and purchases. We were servicing copiers long before the internet was a viable resource, and have transitioned to the digital workflow environment of color printing, scanning, account control and fleet management. With over 20 years in the industry we have extensive experience with many brands and consider OMS to be a valuable resource to any organization. Contact us for all of your copier needs here!
