Many companies have found leasing to be a very popular option. Leases are based on a fixed monthly payment that covers the use of equipment for a specified period, such as 3 to 5 years. You can either return the equipment at the end of your lease or buy it.
Purchasing copiers, printers, and MFPs outright is another avenue to acquire the equipment your business needs. Buying provides long-term ownership and control over the assets.
Purchases or Down Payments - Costs upfront
With proper care and maintenance, today's copiers and MFPs can deliver reliable service for 3-5 years or more in busy office environments.
Receive training on operating the new equipment
Typical steps to lease a new copier or multifunction printer include:
Reduce costs for short-term needs
SLA uptime guarantee - Ensure an adequate response time
Steps to Lease a Copier or Printer
It is important to consider the following when purchasing copiers, MFPs and printers:
Research leasing companies and vendors
Select provider and negotiate final agreement
When purchasing copiers, printers, and MFPs, it helps to:
Ability to upgrade models during the term
If applicable, buyout options are available at the end of the lease term.
If you analyze these differences in relation to the specific circumstances of your situation, it will be easier for you to determine whether leasing or purchasing makes more sense financially and operationally.
Ongoing maintenance and supply expenses
Upfront purchase costs - From $200 to $20,000+
Printing needs for the future and current business
Compare lease terms, SLA, and costs
Customization and maintenance are fully controlled
Lease term length - usually 3-5 years, but can be shorter.
Acquiring Copiers & Multifunction Printers: Leasing, Rentals, or Buying
Tax Treatment - Lease payments are a deductible operating expense; purchased assets can be depreciated
Important Lease Considerations
Contact lessor for maintenance, services, upgrades as needed
Minimize costs when needs are only short-term
SLA uptime guarantees - Ensure adequate response time and uptime
Ask about promotional pricing and financing options
Options for lease termination
Owning equipment can help you build equity in your business.
Important Lease Considerations
Follow recommended duty cycles and maintenance schedules
Clean scanning glass and rollers periodically
Request quotes from multiple providers
Provide supplemental capacity during a peak period
The shortest time between 1-3 months
Replace consumables such as toner and drums on a regular basis
Search for leasing companies and vendors
For sporadic needs, short-term rentals provide access to equipment without a major investment. Rental costs are generally deductible as a business operating expense as well.
Get quotes from 2-3 authorized dealers at minimum
The Differences between Leasing and Buying
ENERGY STAR ratings can help you reduce your costs.
Compare lease offers from different providers, negotiate terms, and consider refurbished or lower-volume models for affordability.
Opt for a fair market value lease, consider energy-efficient models, negotiate service agreements, and assess your true copier needs to save costs.
Leasing provides budget flexibility, access to advanced technology, tax advantages, and eliminates the hassle of equipment disposal.