Reduce costs for short-term needs
There are three options for businesses and organizations that need new document imaging equipment, such as photocopiers or multifunction printers, to consider: leasing, buying, and renting. There are pros and cons for each approach, depending on factors such as costs, equipment requirements, usage levels and long-term objectives.
Leases are not recurring.
Maintaining your leased/purchased copiers
Monthly lease payments
Factors to look at when buying copiers and MFPs:
Upgrade or extend rental period as needed
The shortest time between 1-3 months
Customer reviews and ratings are available online.
Test equipment before purchasing.
For businesses and organizations needing new document imaging equipment like photocopiers and multifunction printers (MFPs), there are three main acquisition options: leasing, renting, or buying. Each approach has pros and cons to consider based on factors like costs, equipment needs, usage levels, and long-term goals.
Get a discount on your purchase or ask about financing options
Supply/consumables costs
Handle a special project or overflow workload
Delivery and installation schedule
If applicable, buyout options are available at the end of the lease term.
Length of lease term - Typically 3-5 years; can be shorter or longer
Allowed print/copy volume - Per month and over term; overages usually cost more
Contact your lessor if you need maintenance, upgrades, or services.
Lease term length - usually 3-5 years, but can be shorter.
Build business equity through owned equipment
Equipment delivery, installation, and training included
The ideal lease fits your current and projected usage levels while providing the services and capabilities needed by your business. Work with a knowledgeable authorized dealer to structure the right lease agreement for your environment.
Maintenance/service charges over the term
Remember to recycle and dispose of end-of life products
The maximum monthly print/copy volume is allowed; any overages will cost you more.
Costs to upgrade or replace a system in the future
Buy a MFP or a Copier: Tips and Tricks
Key Differences Between Leasing and Buying
Important Lease Considerations
Leases allow for easier upgrades; purchasing makes upgrades more complicated and expensive
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.
What are the terms of end-of-lease? What are the costs involved?
Considerations to consider when buying a copier
Cleaning the scanning glass and rollers is recommended on a regular basis.
Keep paper trays stocked and avoid overfilling
Leasing has become a popular acquisition option for many companies.
Monthly Duty Cycle - Total recommended monthly print volume
Sign lease contract and make any initial payments
Coverage for service and maintenance
ENERGY STAR ratings can help you reduce your costs.
Get quotes from several providers
The following are typical steps for leasing a copier or multifunction device:
The Right Choice for Your Business
Clean spills immediately and use dust covers
Ensure the lease aligns with your business needs, choose the right leasing company, and maintain the copier properly to maximize its utility.
One cost-effective option is leasing copiers instead of purchasing them outright. Leasing spreads costs over time, includes maintenance, and allows for easy upgrades.
Opt for a fair market value lease, consider energy-efficient models, negotiate service agreements, and assess your true copier needs to save costs.