Buying photocopiers for your office is not a trivial decision especially if you are considering the high-end laser models. After deciding that you really need a photocopier for your business, you have two options – to buy or to lease. Between these two, leasing is the more practical solution. While you may end up paying a little bit more with leasing vs. buying it outright there are more nuances you need to consider before making final decision. Here are some reasons why it is more cost-effective if you decide to just lease.
You will have improved cash flow
Leasing is always great for any business. You have the opportunity to pay the lease over a longer period of time and not punch a hole in your finances. When you purchase, you will make one huge payment, and this can affect the overall financial standing of your business. Since the leasing payment is done monthly or quarterly, the cost is spread over time. By then, you will have already earned more income for your business.
You don’t need to take out loans
When you decide to buy an expensive item like a photocopier, you would have to take out a loan. Given everything that you are already spending for your business, you can’t afford more. The problem is that loans come with huge interest. Banks and lending firms don’t approve loan applications immediately either. When you lease, there is no need to get a loan. You are paying the amount over a period of time anyway. It is just like paying a loan, but without the high interest rates.
You can afford the higher-end models
The good thing about leasing is that you can stay up to date with the latest photocopier models. You can have a newer model to be used for a certain period during the lease agreement. You don’t need to settle for lower quality photocopiers that you can afford to pay for in cash. If you really need the output of the photocopier to advertise your business or to send out documents, having higher-end models would be better.
You don’t have to spend on maintenance
Buying the photocopier is already expensive. You would spend even more for maintenance. This won’t be a problem if you decide to lease photocopiers. You just have to pay what is asked of you. The rest will then be taken care of by the company you have partnered with. This includes the repair and maintenance of the device. With just one quick call, they will be there to provide help.
In any business, looking for the most cost-effective solution is the way to go. After considering all other factors, it is in your best interest to just lease a photocopier. You can take a look at companies offering photocopier leasing in Newbury. Check the terms and conditions. If you agree with the details, close the deal and start using the photocopier. Maximise its use for the duration of the lease and take advantage of its advanced features.
