Leasing a copier vs purchasing a copier is often a difficult decision for a business to make. When you lease a copier, you don’t actually own it. You are just renting it for a specified length of time. It is like living in an apartment. It is the same concept, but it does have a lot of advantages for a growing organization that buying or renting a copier lacks.
When you lease a copier, you are not stuck with a machine that loses value over time. Your business will have more credit available that you can use on other investments and you don’t have to worry about maintenance. Your company can also upgrade the copier easily if it is leased.
If you are in Riverside and you are looking for a Copier in Riverside for your business, you may contact Clear Choice Technical Services in Riverside. You can ask about Copier Leasing Services in Riverside, Copier rental services in Riverside, and Copier Repair in Riverside.
Depreciating Assets And Liability
With depreciating assets, leasing has benefits. While a lot of people prefer to own their vehicles outright for a lot of reasons, others like to lease because vehicles quickly lose value. Part of the reason is that newer models get released yearly. Demand for older models decreases, thus decreasing their monetary value. Wear and tear also factor into depreciation. Any device or product that gets updated or used over time is seen as a depreciating asset, like cell phones and computers. Printers and copiers do as well.
Cash Flow And Credit
Buying a new copier creates a large expense right away. Leasing a copier allows you to have small monthly payments to be made. A slight increase in monthly expenditures is usually preferable to significant upfront and immediate cost. Aside from not having to throw in a large amount of capital, a business will have more flexibility when it comes to their credit line when leasing a copier. If you have more available credit, then you can increase your business operations.
Also, monthly installments for a piece of equipment needs to conduct your daily operations, and it can be written off as a business expense. It is possible that by choosing to lease a copier, you could save money even if the lease payments add up to more than the cost of the copier itself.
It also allows you to get a larger copier than you otherwise would be able to. A copier that costs more than your current copier would need more capital and it may require you to go over your monthly budget. Leasing that same copier will cost more monthly, but the impact of that increase on your budget will be tiny by comparison.
Zero Maintenance Concerns
Most lease agreements include a maintenance agreement. The cost is often included in your monthly bill. In the case of buying a copier, maintenance is a key aspect of ownership that companies have to budget for. Leasing a multifunction copier removes your need for budgeting maintenance costs because it is included in your lease payment.
Also, at the end of the lease agreement, the potential for upgrades are clear. Lessees are able to roll their lease payments into a copier when it is all said and done. This allows your company to upgrade without adding cost. The upgrade will allow your team to print faster and efficiently while keeping your business up-to-date with the latest technology without having to buy the newest copier.
When buying multiple copiers, the lease payments can be staggered so that each of them is upgraded consistently. With a leased copier, you are not liable with a depreciating asset and you can upgrade your equipment on a regular basis. Most businesses will opt for leasing a copier. While there are situations where a company needs to own its devices outright, the benefits of leasing a copier are too numerous to give.
With leasing, you won’t be stuck with a depreciating asset and the liability that is linked with it. Your credit line and cash flow will be greater, and you do not have to worry about maintenance. You can also upgrade to a new copier whenever you wish.