Office Copiers: Lease or Buy?

Submitted by Tech Support on Tue, 11/10/2020 - 14:51
check boxes next to buy or lease

So you've done all your research, chosen the perfect copier, and decided exactly how it will fit into your workflows--but now comes the real question: how are you going to get it? You've got two basic options--buy or lease--and today, we'll help you explore the pros and cons of each choice so you can be confident and satisfied.

Pros and Cons

The important thing to remember when it comes to office copiers is that they're supposed to eliminate problems, not cause them. To make that happen, you need to make sure you've made the right financial choices in getting the machine itself--so here are the pros and cons when it comes to buying and leasing.

Buying a Copier

Pros: The truth is that buying a machine is often cheaper than leasing. On top of that, you won't have a complicated contract to adhere to--and you'll be able to resell the machine later so that you can afford an upgrade.

Cons: Once you own a machine, you're financially responsible for every little thing that goes wrong--including the eventual need for replacement. Copiers become obsolete pretty quickly, which means you'll likely want a newer model sooner than your budget allows.

Leasing a Copier

Pros: When you lease a copier, you have a lot more flexibility than when you buy. You have more payment options, the chance to add maintenance and repairs to your contract so you're not on the hook for things that go wrong, and you can more easily upgrade when the machine becomes obsolete. Prices are also lower upfront, giving you some breathing room.

Cons: Although it comes with low monthly payments, leasing is more expensive over time because you're paying interest. You're also tied into a contract, meaning you'll have to time your upgrades more carefully.

Have you decided if you're leasing a copier or buying one? Still unsure what's best? Contact us for all the help you need!

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