When you are ready to get a new copier for your business there are many good copier companies to choose from. Once you have selected the copier company one of the first decisions you will have to make is to lease or buy the copier.
Today about 85% of businesses, medical practices, and schools (public and private K-12 as well as university) lease their copiers.
The main reason is that technology changes so fast with copier/multifunction devices that it may pay to lease rather than buy.
With so many businesses attempting to go paperless, the copier/multifunction device becomes a powerful technology tool.
A copier today is a computer that performs multiple document management tasks.
With a lease a business can just budget a certain amount of money for the copier and then every 2-3 years upgrade to a new machine with the latest technology that will help their business become more efficient.
As a bonus to the leasing option, in many cases I save my client money on their new lease due to the fact that technology gets cheaper and more energy efficient.
That’s the scoop on leasing. Now let’s talk about purchasing your copier.
Purchasing your copier also has it’s benefits.
The main benefit is that you save money by not paying fees and interest charges associated with a lease.
Some of my small business clients have expressed that fact that they like to run their business with little or no debt.
Technically a lease is not debt, but you are bound to the terms of the lease so many business owners and professionals consider it the same as having debt.
Another advantage of purchasing a copier is that you can do whatever you want with the copier.
You can keep it for as long as it makes financial sense to do so. With the reliability of today’s technology you could have a machine for several years without having a lease payment.
Also when you purchase a copier you don’t have to return the machine to the leasing company as is the case with most leases.
On the down side of purchasing many small businesses find that $8,000 to $10,000 for a mid to high end machine is a lot of money for to pay up front.
So there you have it. These are the main points to consider when deciding whether to lease or purchase your copier.
When located in the Inland Empire contact Legacy Business Products to see how they can help with the process.