When you're looking at new office equipment, it can be tough to make a decision with all of the competing requirements nagging at you. You need to save money, but you also need to be sure you're getting a good product. High quality is essential, but it's difficult to be sure you're getting the right product for your price range. And then there's another decision to make: should you lease or should you buy?
As with all of these questions, the answer isn't cut and dried. For most businesses, the benefits of leasing versus buying come down to your particular requirements. Let's dive in to see the advantages of leasing versus buying.
Should You Lease or Buy Your Next Copier?
Many businesses don't realize that leasing is an option for office equipment. Leasing can be flexible, convenient, and affordable. Here are some of the advantages of leasing and buying.
You should lease if...
- You need to save cash upfront: Leasing can save you the high initial cost of investing in equipment, freeing up capital for other projects in your business. New equipment can easily cost thousands of dollars, and if you're in a period of rapid growth, it can be simpler to lease in the meantime.
- You want to stay current with technology: Leasing makes it easy to upgrade whenever you're ready for new technology. Buying is a bit more of a commitment to a machine for its lifecycle, while you can upgrade almost any time when you lease.
- You want cost predictability: If you buy a printer tomorrow, there's no guarantee it won't break down the next day. You'll have to pay to repair that printer, of course. But if you're leasing, you know what your costs will be, no matter what—even if you have to do repairs.
For more information about buying or leasing your next printer, contact us.