Office Printers: The Facts about Leasing vs. Buying

A laser printer (or digital copier) is a good choice for businesses that have high copying and printing demand. There are many models available. The high-end models of laser printers/copiers are often large in all aspects: They can take up significant floor space and support many paper sizes. The price range for machines can be from less than 10,000 to more than 10,000.

Many small businesses are considering leasing their laser printer due to the high cost and ongoing maintenance. Leasing is often referred to in the printing industry as "managed printer services." This refers to a range of products and services that go beyond the printer.

Managed print services: Leasing a printer

Although you can lease a printer/copier as a traditional option, over the past decade the concept of leasing has evolved into what industry professionals call managed print services. Managed print services are more than just leasing. They take a comprehensive view of all your printer needs. This means that the lease cost is often bundled with maintenance, paper, and toner costs so that businesses have an all-inclusive package.

Leasing has many benefits

Avoid obsolescence: Equipment leasing is an easy way of avoiding obsolescence. This is a concern for some companies, but not for others.

Leasing has low upfront costs: This allows companies to get printers at a lower cost and helps keep credit open.

There is no hassle when a company leases printers. It is convenient to lease equipment because many equipment providers offer maintenance plans that can either be paid separately or included in the lease.

Purchases have many benefits

Cheaper: It's almost always cheaper to buy a copier or printer than to lease one. Leasing is often preferred by companies who want to reduce the interest they pay on goods and services.

Recoup investment: A printer is a depreciating property. However, a used printer may be sold if it is no longer required, while a leased printer cannot.

There are no contracts: A company purchasing a printer does not have to sign a contract with any third-party provider.

Flexible maintenance: A lease printer is the property the lessor. This means that the lessee cannot contractually perform any type or maintenance.

Leasing and buying have tax implications

Both leasing and buying printers can have tax consequences. Both leasing and buying printers can depreciate assets. However, many equipment leases may also be eligible for tax deductions. Both leased printers and owned printers are covered by Section179 deduction. When companies file taxes, it is a good idea to speak with an accountant to help you make a decision about whether to lease or buy.

Get complete information about leasing printers by calling 905-326-2886 or visiting https://www.absolutetoner.com/