Are you in the market for a new copier? If so, you're likely considering leasing as an option. But is leasing really the best option for your business? In this blog post, we'll take a look at some of the pros and cons of copier leasing to help you make the best decision for your company. Stay tuned!
Throughout this post we will look at several different areas. Including:
What is a copier lease and why would you want one?
How does a copier lease work and what are the benefits of it compared to buying a copier outright or renting one month-by-month?
What should you look for when leasing a copier, and how can you make sure you're getting the best deal possible for your business' needs?
Are there any other things to consider when leasing a copier, such as service contracts or insurance policies?
What should you do if your leased copier breaks down or needs repairs - is it covered under the lease agreement, or will you have to pay out of pocket for those costs?
What is a Copier Lease and Why Would You Want One?
A copier lease is a rental agreement for a copy machine, which in 2022 typically "copier" typically refers to a "Multifunctional Device" capable of printing, copying, and scanning. The lessee, or renter, pays a monthly fee to the lessor in exchange for use of the machine. Copier leases are often used by businesses that do not want to purchase a machine outright.
To lease a copier, a company must first be credit-approved by a financial institution. This process is almost always handled for you by the selling vendor with your permission.
Copier leases typically last somewhere between 24-60 months, though shorter and longer terms may be available. At the end of the lease term, businesses have the option to purchase the machine, return it to the lessor, or lease a new model.
Whether or not a copier lease is right for your business depends on your needs and budget. However, leasing can be a great way to get the copying capabilities you need without breaking the bank.
How does a copier lease work and what are the benefits of it compared to buying a copier outright or renting one month-by-month?
There are several benefits to leasing a copier. First, it can be more cost-effective than buying a machine outright, as your company will not need one large capital outlay on a depreciating asset. Leasing may also offer tax advantages, as the payments can be deducted as a business expense. Additionally, leasing can provide flexibility, as businesses can upgrade to a new model more easily than if they had purchased the machine.
Leasing a copier on a set term (example: 36 months) will also provide a lower monthly cost than renting month-to-month.
What should you look for when leasing a copier, and how can you make sure you're getting the best deal possible for your business' needs?
When you're looking for a copier to lease for your business, there are a few things you'll want to keep in mind in order to get the best deal possible.
First, think about how much volume you'll need to copy per month. This will help dictate the size and speed of the machine you need. Second, consider what features you need. Do you need to print on thicker paper stock or envelopes? Do you need to scan to third-party applications like DropBox or iCloud? Would color copies be a nice-to-have or a must-have? Once you know what size and features you need, start shopping around and compare prices. The more you know what you want, the more your competitive quotes will be apples-to-apples. By doing your research and being an informed shopper, you can make sure you're getting the best deal possible on a copier lease for your business.
Are there any other things to consider when leasing a copier, such as service contracts or insurance policies?
When leasing a copier, there are a few other things to consider beyond the monthly payments. For example, most leases include a service contract that covers maintenance and repairs. This can be a helpful way to budget for unexpected repairs, but it's important to read the fine print and understand what is and is not covered. CDI Office Technology service contracts include everything, but paper and staples. In addition, some leases require the lessee to purchase an insurance policy to protect the copier in case of damage or theft. While this may seem like an unnecessary expense, it could end up saving you money in the long run. So be sure to ask about service contracts and insurance policies when leasing a copier.
What should you do if your leased copier breaks down or needs repairs - is it covered under the lease agreement, or will you have to pay out of pocket for those costs?
When you lease a copier, you are responsible for maintaining it and paying for any repairs that are needed, unless you also have a service agreement. Most lease agreements will include a service contract that covers the cost of repairs, so you will not have to pay out of pocket. However, it is important to read your lease agreement carefully to see what is covered and what is not. Some service contracts may only cover the cost of parts, while others may also cover labor costs. If your leased copier breaks down, the first thing you should do is check your lease agreement and service agreement or reach out directly to your vendor representative.
For information on leasing or purchasing a multifunctional device through CDI Office Technologies, contact us here. For other questions, contact sales@thecditeam.com. We're happy to help.