Pros and Cons of Printer Leasing
The decision to buy or lease a printer is one that should be considered carefully, as there are many pros and cons to both options. The main factor in deciding which type might work best for you personally would have less with what kind of device itself but more so how much time will this purchase take up? If your company only requires occasional use from their copier/fax machine then maybe going through the option where they can rent one instead could make more sense because it’s still affordable while providing them access whenever needed without having an ongoing expense tied into owning something themselves outright every year.
Pros to consider when making your decision:
- You get the latest technology without having to pay for it upfront.
- Leasing typically includes service and repairs, so you don’t have to worry about them.
- You can often upgrade your machine at the end of your lease term if new technology becomes available.
- Leasing generally costs less in the long run than buying a copier outright. So if you’re on the fence about whether or not to lease, these pros might just tip the scales in favor of leasing!
Cons to consider when making your decision:
- The Lease Term – Most leasing companies demand a two-to-five year lease term. This may be an issue if you don’t expect to utilize the machine for that long.
- The Contract – The conditions that you must follow in your contract might be strict, and they may not always work in your business’s favor over time. Always analyze the provisions of your contracts.
- Overall Costs – The initial out-of-pocket expenses are minimal, but the lease payments may become more expensive due to interest rates and fees charged by the leasing company.
- What Is a Lease Purchase? – Make sure you do your homework and lease from a reputable, well-known business that will fulfill your company’s needs. You don’t want to be stuck in a lease with terms that make it difficult for you to operate your business!
Leasing a printer provides many benefits for your company, including:
The benefits of leasing a printer are many, with the most important being that it can help your organization save money. With upfront costs and down payments so high on purchasing new equipment for business purposes, you might not be able to afford these luxuries in some cases–leveraging debt is one-way organizations have managed their finances effectively before but now there’s another option available!
Not only will leasing allow businesses greater access to modern technology right away without breaking the bank (or even getting too deep into credit), but they’ll also avoid expensive maintenance fees after purchase; this gives companies more freedom when managing expenses while still maintaining an eye on overall budgeting needs.
There are some drawbacks with printer leasing as well, however:
The main drawback of leasing a printer is that you don’t own the equipment outright. This could be an issue if your business decides it no longer needs the machine or if there’s a sudden change in budget and you can’t make your lease payments anymore–the lessor could come and take back the equipment, leaving you in a bind.
Additionally, some leases require that you keep up with regular maintenance and service appointments even if you don’t think anything is wrong with the machine; this means more time and money spent on something your business might not even need!
Benefits of purchasing a printer
The benefits of purchasing a printer are many and varied, but the most important one is that you won’t be paying interest on your monthly fees. Not only will this save money in the long run by not having to pay such high rates as those found at traditional leasing companies; it also means more flexibility when maintenance needs arise – unlike with copiers or fax machines where downtime must wait patiently until another visit from “the engineers” can come to fix whatever has gone wrong (if they even bother). No longer do we need to worry about being tied down by lengthy agreements which require us
The drawbacks of purchasing a printer
For one, it’s a significant upfront investment that can strain your business’s budget, especially if you’re a small or medium-sized business. And if your business is growing rapidly, you may find yourself in need of an upgrade sooner than expected, which means your initial investment was essentially wasted.
So, should you lease or buy a printer? The answer to this question really depends on your needs and preferences. If you’re looking for convenience and predictability, then leasing may be the better option for you. However, if you want more freedom and control over your printing situation, buying a printer might be the way to go. Either way, we can help make sure that you get the best deal possible on whatever type of printer you choose. Give us a call today and let us help steer you in the right direction when it comes to printers- whether that means leasing or buying!
Are You Looking for a Photocopier Near Concord, California?
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 all the major brands and consider OMS to be a valuable resource to any organization. Contact us for all of your copier needs here!
