SHOULD YOU BUY OR LEASE A COPIER FOR YOUR GROWING BUSINESS?

(BENEFITS OF BUYING
AND LEASING)

Leasing as compared to purchasing printers and copiers is an essential choice to make that can have a
permanent result on the business. For those business owners who are continuously seeking whether to
lease or buy a copier, they may have to know first the advantages of both sides.

Leasing Benefits

 Leasing maintains your office equipment modernized. Copiers and printers ultimately become out-
of-date. When you lease, you carry the financial liability of obsolescence to the machine leasing
firm. For instance, let's assume you lease a two-year contract on a copier machine. Once the lease
terminates, you're open to leasing again on whatever machine is more modern, durable, and cost-
effective.
 You will determine your monthly costs. In leasing, you have a fixed monthly price, which can assist
you in budgeting more efficiently.
 You don't require an initial fee. A lot of businesses struggle with capital and should have their funds
ready to further improve their business. Leases seldom demand an initial fee, so you can get your
new office copier machines without hitting into the necessary funds.
 Equals your competitors. Leasing can let your business get advanced technology that might be in
other ways not affordable to buy. Thus, you are able to keep pace with your bigger business rivals
without wasting your finances.

Buying Benefits

 Simple and Trouble-free. Purchasing an office machine is simple. You select on your own what you
desire to buy. But, if you lease copier machines, you will have to finish filling up the form and
present details, renewed financial report to the leasing organization. You may as well have to deal
with where and how the rented or leased copiers will be utilized. Furthermore, lease contracts can
be tricky to deal with, and once you don't go well with the terms and agreement, you could arrive at
spending a higher amount or hold adverse terms.
 You can reach the company seller of equipment about maintenance services. Copier leases usually
need you to sustain office machines base on the leasing company terms, and that can take a little
pricey. When you purchase the machine right away, you can manage the maintenance plan yourself.

QUESTIONS YOU NEED TO ASK YOURSELF BEFORE THE LEASE OF OFFICE COPIERS

1. Do the lease terms have a buyout option? You may have a pick within a $1 buyout benefit and a fair
market value (FMV). In FMV, you can purchase the office equipment at the end of the lease to its
fair-market price which probably lots of dollars. Whereas in a $1 buyout option, you can own a
copier machine for $1 once the lease ended. A $1 buyout option is probably the best choice, yet if
you want to guarantee that you can still update to new technology once your lease ends, then
proceed to the FMV alternative.
2. How long is the lease duration? Normally, leases for office supplies covered 36, 48, or 60 months.
The monthly fees will be lowered once you lease longer.
3. Do the office machines have to be guaranteed? Some leasing organizations need you to guarantee
the leased machine. If you don't, payments may be attached to your monthly fee to include
insurance.
4. Can I end the lease beforehand? What if you don't longer want the machine you're renting or
leasing or you wish to update to more modern technology earlier than you assumed? Learn if you
can settle your lease beforehand, and if there's an initial fee penalty, how much will it cost?
Eventually, when your office equipment needs are almost small and you have your own funds, or you
can take a loan that has less interest, then simply purchases your copiers. You'll keep financial resources
ultimately.

Yet, if you need a large number of office machines, like 10 to 20 multi-purpose copiers for your business,
leasing may be the best choice. Most importantly, why settle on a huge quantity of funds when you
could employ that money to build or develop your business? Copier leasing services in US aim at
supporting firms to perform the best choices for their office supplies and needs.