Business owners are used to making tough calls and weighing the pros and cons before making a decision. Because of this, you know that it's much simpler—and smarter—to make a selection when you know all of the pertinent information and have a strong grasp of the crucial facts.
The same can be said for deciding between purchasing or leasing a new multifunction printer. And frankly, you probably don't have time to pore over lease agreements and pull together all of the information you need to make the right choice for your company. That's why we've put together this quick guide to help you understand the advantages and disadvantages of leasing and buying, giving you the knowledge you need to make an informed decision.
Leasing vs. Buying Your Next MFP
At the end of the day, the choice to lease or to purchase should be made based on your company's unique needs and with an eye toward your future. Leasing can be one way to free up capital for investment in other projects, while purchasing can give you a lower overall cost in some cases. Let's take a closer look at the differences.
When you lease a multifunction printer, you're able to save the upfront cost of your new machine and instead spread out your investment over monthly payments. This kind of flexibility can be a major win for businesses in rapid periods of growth; you can furnish a new location with state-of-the-art office equipment without breaking the bank, for instance.
Many businesses choose to purchase their office devices to save money in the long run. Buying a new multifunction printer can be a sound investment that will serve your business for years to come.