Copier Concerns: To Buy or To Lease?

Submitted by Anonymous (not verified) on Wed, 10/18/2017 - 13:55
businessman holding card to check off buy or lease

Whether you’re in the market for new equipment or looking to replace/upgrade in your office, you’ll probably encounter an important question early on: should I buy or lease a copier?

Upgrading your equipment is a great way to increase productivity and make positive changes in your office. No matter which method of obtaining the equipment you decide on, you’ll enjoy new technology that will work hard for you. One key to making the most of your copier is to get the best device for your needs within your budget. This means figuring out exactly which features and specs you need. Then, when you’re ready to find the device, you can take on this question: to buy or to lease? Here is some information about both methods.

To Buy

Buying is a big up-front investment, but it’s yours, and you aren’t bound by any agreement. This is a good choice if you have the capital now and you intend to keep and use the device for a long time. In some cases, you may get a tax break, too, and if you decide to sell it or trade it in, you might be able to get some money back on it.

The biggest appeal of this method is simply that you don’t have to worry about lease agreements. However, this also may mean that you can’t get the exact device that will fit your needs because of the upfront costs.

To Lease

Leasing opens up a lot of possibilities because, unlike buying, you don’t have to put down that money up front or use up some of your credit for financing. Many dealers have great lease plans that will provide regular servicing, let you lease to own or allow you to upgrade at any time.

You’ll pay more on the lease in the long run over purchasing it flat out. And, you’ll have to abide by a lease agreement and pay on it every month. It’s still a good option for many businesses. Be sure to find a reputable dealer and read through the contract carefully.

Bay Copy has an excellent selection of office equipment, and we have the experience to help you find the one that meets your needs. Contact us today to learn more!