When you start your own business and set up an office, you encounter a lot of major expenses. When you look for ways to cut costs, you may compare buying office equipment against leasing it instead. Leasing is a popular choice when it comes to office copiers because their purchase price is so high. Here's why you may want to lease your office copiers when you're just starting out in business.
You Can Upgrade Your Copier More Easily
When you first start out and your business is growing, you may be unsure of the type of equipment you need, especially if you'll rely on a printer a lot. By leasing, you can try out a copier and then exchange it for a newer and better one at the end of the lease if you want to. If you spend a lot of money buying before you know for sure what you need, you may be stuck with a less than optimal copier due to financial reasons.
Leasing Is Less Expensive Initially
When you lease an office copier, you can get it set up for a fraction of the cost you would pay if you buy the copier. This is important when you have a tight budget and need money for other supplies. The trade-off is that you pay more for the copier over time when you lease, but that could be worth it. Once your business is thriving, you can always buy a new copier or you can buy your old one when the lease is up.
You can lease a copier a couple of ways. One is like renting where you pay a monthly fee just to use the copier. Another is like buying where you lease it for a set time and then buy the computer at the end of the lease. These leases are carried differently on your books and will require a different cost if you buy the copier at the end of the lease. This helps you choose the best way to spend your money and get the lowest cost possible for the monthly payments or pay off.
Maintenance Services Are Usually Included
Whether you buy or lease an office copier, you'll have to buy a maintenance contract so the copier stays in good shape. When you lease, the maintenance is part of the monthly payment so the company comes in automatically and keeps the copier in good repair so you'll have fewer breakdowns that disrupt your workflow. Talk to an office copier company about specific details for leasing, buying, and maintaining your copier so you make the right decision for your company's budget and your copying needs.