Should Your Small Business Buy or Lease a Xerox
If you're running a small business and require a copier, you have a few options. You can purchase a new copier for your company, and you can buy a used copier or lease a Xerox digital copier. Each of these options comes with its own set of pros and cons. So, the decision to purchase or lease your copier can be challenging to make. To make the best decision for your company, take a look at what each option has to offer. Of course, we have gone into great detail about each option to give you an idea of what you're getting. But, ultimately, the decision comes down to what is most important to you and your company. If you're struggling with choosing between buying or leasing a copier, read on and learn more about the advantages and disadvantages.
Buying Xerox Digital Copier:
Let's start our discussion with the many advantages of buying a Xerox digital copier.
The most significant advantage of buying a copier is recouping your investment. When you buy a Xerox digital copier, you typically receive a few years of warranty protection and maintenance on your equipment. So, if something goes wrong, you can get it fixed without paying for the repairs yourself. Plus, if your business is in the market for a new copier every few years, you can continue to recoup your investment by selling the used copier. Most Xerox machines are worth around 50% to 50% of the same price after years of use. So, you can keep the copier for three years and sell it whenever you decide to upgrade your machine. The buy-back value is an incentive to help with recouping your initial investment.
When you buy a Xerox digital copier, you can set your terms. You won't be required to lease for a set period, nor you have to go with a long-term contract. It's your property, and you can use it for as long as you want. You won't have to worry about the lease ending, and you need to find a new machine, which can take a lot of time and energy.
When you buy a Xerox digital copier, you won't have to take care of all the maintenance on your own. You'll have access to Xerox service and support from experienced professionals in keeping the equipment running. Plus, if something breaks down and needs to be repaired, they will make sure it gets fixed, so you don't have to worry about it.
Disadvantages of Buying Xerox Digital Copier
While you do get to recoup your investment when you buy a Xerox digital copier, the initial cost is still pretty high.
Lease a Xerox Digital Copier:
Listed are some significant advantages of leasing a copier in Toronto.
You don't want your investment to become obsolete too soon. If you buy a new Xerox digital copier, you'll likely have to buy a new one in just a few years. If you lease a Xerox copier, you don't have to worry about your investment becoming obsolete. You won't have to worry about your employees not using the machine or your machine not being compatible with your software. With a lease, you can upgrade your copier with the latest and greatest technology as you need it.
If you lease a Xerox digital copier, you won't have to worry about maintenance for the life of the lease. Plus, if something breaks down, it's usually the responsibility of the leasing company to repair or replace the machine. This maintenance takes the headache out of taking care of your machine, which allows you to focus on running your business.
When you lease a Xerox digital copier , you don't have to worry about all the paperwork involved with the purchase. You won't have to worry about financing or paying your bills. It's also pretty easy to renew your lease when the time comes. You can continue the length of time you need and not worry about going through the entire process again.
Few major drawbacks of leasing a Xerox digital copier
One of the most common complaints about leasing is the hidden fees that come with the lease. These fees can add up to $100 per month, which could be more than if you were to buy the machine. Most leasing companies don't disclose all the fees they charge in their lease, so you won't know what you're getting into until it's too late.
One of the biggest concerns when leasing a Xerox digital copier is getting out of the lease. If you decide you want to buy your machine from the leasing company, you will 1st have to end the lease. Purchasing the machine outright can be difficult, and, in some cases, you must pay extra fees to terminate the lease early.
Leasing a Xerox digital copier can be a good investment. So, if you don't have a lot of money to invest in the machine and don't want to worry about maintenance, leasing may be a good option for you. However, if you're in the market for a new copier every few years, you may be better off purchasing Xerox printers for sale. Boasting the latest and greatest technology, Xerox machines provide you with the capabilities to print anything you can imagine. Plus, they are reliable and affordable, which allows you to create a professional and successful office space.
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