The Pros and Cons of Leasing and Buying a Commercial Printer Purchasing or leasing an office printer has it pros and cons. The majority of commercial printing machines, also come with additional features including copying, scanning, and faxing. In order to make the best decision, understanding the variables involved will help you figure out which option is best for your business. Whatever you decide a maintenance and toner contract should be included in the purchase or leasing of a commercial printer. Leasing a commercial printer can be done at a low monthly cost. Also, there is the option to replace the printer with new equipment after a certain amount of time. Some of the drawbacks of leasing an office printer are limited options, extended obligation, and having no ownership of the equipment. Businesses choose to purchase office printers in order to enjoy the benefits of instant ownership and are not locked in by an extended leasing contract. Some undesirable drawbacks to owning a commercial printer include the high cost of investment and rapid pace at which the equipment becomes outdated.
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Now that we’ve taken a look at the pros and cons of each option, below are some questions you will want to ask yourself.
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How long has your company been operating as a business? New businesses are subject to a rigorous credit approval process. If you have been in business for less than three years, then it’s likely you’ll need to provide a personal guarantee in order to be approved for a lease. If the above information is applicable, consider purchasing a refurbished printer at an affordable cost. You can always upgrade, and lease a new printer once you meet the necessary criteria. What are your printing requirements? If you don’t need to print often, then you may save money by purchasing a printer right off the bat. Commercial printers are designed to last a long time. Considering commercial printer lease terms are three to four years, businesses with low-volume printing needs often purchase a printer that will last a good six or seven years. On the other hand, high-volume printing offices benefit from leasing a printer and upgrading to a new one after a few years. An office that relies on high-volume printing to stay in business, should lease a commercial printer. Do you know how much you want to invest in a printer? Large commercial printers are anything but cheap. A small business with a limited budget should lease a commercial printer. Most businesses can lease a printer for a couple of hundred dollars per month, and have their printing needs met in the process. Look at it from this perspective: Leasing a commercial printer will only cost you a few hundred dollars, and will be a much better quality printer than one which will cost thousands of dollars.