To Lease A Copier Or Buy One?
Not every company wants to buy their own copier. Some would rather lease a copier. They feel that this is cheaper. Let us take a look at what the various pros and cons of both buying and leasing a copier would be so that you can decide what will be best for you.
Buy a copier
The best thing about buying a copier is that it is a once off expense. You will then only have to worry about maintenance and supplies for the copier. These are generally not that expensive if you are not using the copier too often. Of course, the copier is also an asset that you can claim back some tax on. This all helps a bit with the finances of the business. You are stuck with that copier until you feel a need to upgrade it and then you have to sell the old one and finance a new one which can be expensive.
Lease a copier
If you opt to lease a copier you are going to be faced with a predictable month to month cost. You will also not need to be concerned about the maintenance costs as that is often included in the lease fees. You will most likely need to get supplies for the copier though. And this can get costly. The big advantage is that if the copier you have is no longer doing the job that you need it to do you can replace it without any further capital outlay. You should also be able to claim the cost of the lease as a business expense and so not have to pay as much tax.
When all is said and done, it is actually a decision that will have to be made by the people in charge of the finances of the business. Both options have got their own set of pros and cons. The best option is always the one that looks as though it will save your business the most amount of money possible. This will vary from company to company. So choose wisely and save money.