Should You Buy or Lease a Copier?

Man and woman working in office

Investing in a copier is a big decision for a company just starting out, but it's also an essential piece of equipment. You want to get the right machine and make a rational financial decision for your company.

Luckily, you have options when you start looking for product solutions. You can lease or buy your copier, depending on your needs, budget, and growth plan. We'll line out what you need to know here.

Key Differences

The key differences between leasing and buying are:

Leasing

  • Can be contract bound - evaluate your pace of growth and change before committing.
  • Is a smaller initial investment, making it easier for companies starting out.
  • Can assist with future growth if you may change your equipment in the future.
  • Ongoing monthly costs may work for some businesses but not others.

Buying

  • Larger upfront cost but eliminates monthly payments.
  • No contract, so you are not bound to the terms.
  • May provide the capacity you need for growth right off the bat, without changing machines.

Which Is Right for You?

Evaluate the above criteria with respect to your business operations, volume, future plans, and financial capability. You can also discuss with your vendor if you have additional questions about leasing or buying.

Whichever is right for you, you'll want to get the right machine to start out. Here are a few additional considerations to make:

  • How many employees are using the machine
  • Your daily copier volume - and projected volume
  • Equipment and supplies budgets
  • Growth and future outlook projections

Final Word

The main point is - you have to do what's right for you and your business with cost, timeline, etc. Let us help you - talk to Usherwood Office Technology today.