What’s better: leasing or purchasing a printer? One of the most common concerns voiced by company owners, this issue has a variety of possible responses. Why? Because there have been significant technological developments in recent years.
These days, printers serve other purposes beyond printing alone, including making copies, sending faxes, and scanning documents.
In the market, you can find a wide choice of options, such as laser printers and color laser printers, at affordable prices. Because of this, deciding between leasing and buying a printer can be challenging. If you want to make a wise decision, consider the following advice.
When Buying A Printer
When opposed to leasing, buying a printer will save you money in the long term. It turns a potential liability into an asset, meaning a company may go forward without being tied down. In addition, when a company owns its own printer, it can perform maintenance without requiring permission from the lessee.
Additionally, by including a depreciation charge in their profit and loss accounts, firms can lower their taxable income after purchasing a printer.
However, the product’s pricing is a significant barrier to entry for startups and small enterprises with high print volumes. Leasing can be a better alternative for businesses with limited resources due to eliminating the need to pay for costly repairs, upgrades, and upkeep.
When Leasing A Printer
If your firm is on a tight budget or has trouble getting lines of credit, leasing printers can be a good option. A business that signs a lease agreement is legally obligated to make monthly payments to the lessor for the duration of the lease. It’s a great way for businesses to acquire cutting-edge technology and stay ahead of the curve, reducing the likelihood of being left behind.
If lease payments are to be made on time, however, the company must have sufficient operating capital. For example, the lessee can tack on late fees and interest if you don’t pay the rent on time. Most companies that lease printers wind up paying more than the printers are worth.
What’s The Best Choice Here?
Leasing or purchasing a printer are both feasible solutions for a business. The best choice all comes down to your company’s requirements.
If your company has substantial printing demands and can afford the purchase without negatively impacting your cash flow, you should buy printers instead of leasing.
If your company has fewer printing needs and a smaller budget, leasing might be a good option. Ultimately, it is dependent upon the goal.
Looking For High-Quality Color Laser Printers In Colorado Springs?
At Axis Business Technologies, you can find a wide selection of multifunction printers from reputable manufacturers such as Kyocera laser printers, Xerox, Konica Minolta, HP laser printers, and more. In addition, we also provide pre-owned color copiers from various manufacturers.
Contact us today to learn more about our pre-owned products.