Are Printer Leases Worth It?

Your business will need copiers or printers the next time it needs them. This decision is one that many businesses struggle with.

Do you want to buy or lease it?

You aren't the only one who doesn't know the answer.This question is asked almost daily by my clients. The answer may not be the same for everyone.Let me tell you a little bit before you make that decision.

What I've learned over the years.

My client base includes about 80% of the banks, businesses and medical practices located in the Detroit region. I also lease copiers for my clients.The ratio was closer to 50/50 20 years ago.

Why is there a significant rise in leases? It is possible to lease instead of buying printer technology.

A copier is no longer a copier.In the 1980s and 1990s, copiers were limited to copying. These multifunctional devices are now an integral part to the document. They can scan, copy, scan, fax and even print.

Management of a professional office.The copier/ multifunction device is a powerful technology tool as many companies are trying to become paperless.

It can be confusing, but I want to help you decide which option is right for you. Let's look at the pros and con of leasing and purchasing technology equipment. You should always ask questions to get the best deal.

Lease a Printer: The Benefits

Leasing helps you keep your equipment current. Printers and copiers eventually go out of date. A lease allows you to pass on the financial burden of obsolescence and the equipment leasing company.

Know your monthly expenses. Lease printer copier allow you to budget more efficiently by having a fixed monthly cost.

There is no down payment. Small businesses often struggle to find cash flow. They must ensure that they have enough cash available for growth. You can lease new premises without a down payment, equipment without having to tap into much-needed money.

Keep up with your competitors. Your small business can lease technology that is otherwise expensive.This means that you're more able to keep pace with larger businesses.You can compete with them without affecting your financial resources.

The challenges of leasing a printer

In the long-term, you'll end up paying more. Printer Leasing is almost always more costly than buying. 

Even if you cease using the equipment, you will still be responsible for paying. You may be required to pay for the entire lease term, even if the equipment is no longer needed. This can happen if you change your business.

If you are looking for help with printer lease for your business or office, we can help! Call us at: 1-877-437-5364, or visit  https://www.absolutetoner.com/