Anyone who has the experience of starting a business will tell you that cash is one of those things that will be in short supply, copier machine rentals becomes a very viable option instead of struggling to buy one. There are many critical advantages that go with this long term alternative where you can also hire folding machines, fax machines and several others that you need in order to run your business successfully. Some of these advantages include the following:
Improve cash flow: One of the main advantages of copy machine rentals near you is the fact that it frees up your cash. Many times a copy machine lease will not necessarily require a down payment even though you may be required to set aside some cash that will be used as a refundable security deposit. This can be contrasted to taking a bank loan to finance office equipment where you will be expected to put down up to 25 percent down payments on the lower side.
Easier to finance than purchase: Before a bank extends capital loan equipment, most of them will want to look at your financial records for two or three years which is something that most startup companies may not have. Affordable copier rentals, on the other hand, will only require no more than six months of your credit history before they can approve an office equipment rental arrangement for you.
Easier to keep up with technology: Canon copy machine rentals can be an especially attractive alternative if you run a business that depends cutting-edge technology and especially if you have to use some of the latest computes and other communication devices. You only require a series of short-term leases that will ensure that you spend less than it would cost you to buy new equipment every one or two years. There are cases where copy machine rentals near you come with yearly upgrades built into them thereby eliminating the need to make the difficult decision every time you need to make an upgrade.
Ability to afford more: Most startups are not in a financial position to purchase all the office furniture and equipment that they may require at once; the better alternative is to seek for a rental copy machine and only buy what you cannot be able to find on rental basis.
Balance sheet benefits: When it comes to accounting, you want to know that you should be able to exclude some of those leased assets and their related obligations from the balance sheet. This is a move that will be able to improve your financial indicators such as your company’s debt-to-equity ratio or your earnings-to-fixed-assets ratio. You have to remember though that accounting rules will require that you do you balance sheet so as to report assets that have been leased under some types of agreements.
If you finally decide that you want to purchase equipment you have been using such as paper shredding rentals at the end of the lease term the company will always give you the option to buy at a more affordable rate.