A Copier Is Essential But Should You Lease Or Buy?

When purchasing a new copier for your business, selecting the best copier company is just one of the many things that you have to consider. If you have decided on one, you would have to decide whether or not you should lease or buy a copier.

What are the benefits of copier leasing?

During the 80’s and the 90’s, the ratio of people buying versus those who are leasing is an equal 50/50. But now, about 80% of organizations lease their copiers already. More and more businesses prefer leasing over buying a copy machine and the primary reason is that copier technology is continually updating itself and that business owners have realized that they will actually spend less compared to buying the unit.

A copier now, isn’t just a copier like it was in the 80’s or 90s’s when it sole function was to copy. Now, a copier can copy, scan, print, send a fax, and can be used for document management in the office.

The modern trend is towards going paperless and many organizations are adapting this in the workplace. The copier became a powerful tool of technology towards this goal as a multifunction device. The new copier models function like computers and can perform a multitude of document management tasks already.

Because of the fast changing copier technology, businesses will benefit from leasing because unit upgrade regularly happens every 2-3 years equipped with all of the latest features. This allows businesses to take up just a small amount of money for this expense and ensure that they are getting the most efficient copier on the market while saving the business from loads of money in the long-run.

Why not outright purchasing?

Though the above may all be true, there are still some perks to buying a copier instead of leasing it. Buying a copier saves you some cash because you do not pay for the additional cost of paying interest charges and other fees for getting a lease.

Some businesses prefer to run a business with little or no debt at all and buying would be a sound option in this case. Although a lease is technically not a debt, it still makes you bound to the lease terms so many see it as having a debt.

Buying the copier also gives you the freedom to do what you want with the copier. With the durability and reliability of today’s copier technology, you are guaranteed good use of the copier for many years. However, many small businesses may find that shelling out $8,000 to $10,000 for a high-end copier up front may be too much, which is why many small businesses prefer the leasing option.

Deciding on whether to buy or lease should be based on your business objectives, as well as, how you plan to use your copier in the present and the years to come. We will be more than happy to assist you arrive at this decision and help you find the option that is best for your company’s interest. Please do call our representative in Copier leasing Oklahoma City at (405) 213 1035 to get more information.