Leasing vs. Purchasing: A Guide to Selecting the Best Business Printer

When it comes to buying or leasing a copier / printer for your business, it can be a tricky decision. The needs of each business are unique, and what works for one company may not be the best option for another. However, over the past decade, there has been a clear trend emerging in the industry. Increasingly, businesses are choosing to lease their copier / printer, rather than purchasing it outright. Today, around 90% of businesses across the country opt for leasing, compared to just 50% a decade ago.

So, what is driving this shift towards leasing? One of the main reasons is the rapid pace of technological change in the copier / printer industry. Multifunction devices are constantly evolving, with new features and capabilities being added all the time. By leasing your machines, you can ensure that you always have the latest and most advanced technology at your disposal, without having to worry about obsolescence.

Another key factor is the issue of cash flow. Small businesses in particular often have limited resources and may not have the funds available to make a large up-front investment in new equipment. Leasing allows you to acquire the copier / printer you need without having to make a down payment, which can be a huge advantage for businesses that are looking to grow and expand.

Of course, there are also some potential downsides to leasing that should be considered. For example, you will typically be locked into a long-term contract, which you can upgrade if needed. Additionally, leasing can be more expensive in the long run, as you will be paying for the use of the equipment over the term of the contract, rather than owning it outright.

Ultimately, the decision of whether to buy or lease a copier / printer will depend on your specific business needs and financial situation. However, by understanding the advantages and disadvantages of both options, you can make an informed decision that will help you to stay competitive and productive in today’s fast-paced business environment. If you are looking for a reliable and experienced provider of copier / printer leasing and service, look no further than The Copier Warehouse. With their wide range of options and experienced team, they can help you find the perfect solution for your business.