The copier market is one of the most thriving businesses and sales records show that over 1.5 million copiers are sold in the market every year. However, companies often have to allocate a large sum to buy copiers. An average business copier can cost between $5,000 and $10,000 and can go up to $40,000 for the most advanced model. Considering the cost figures, and issues such as maintenance associated with copiers, you inevitably need to decide whether to buy or lease a copier.
The main things to be considered while buying a copier are the capital involved, maintenance, and the problem of the unit being outdated when new models arrive. As the copier industry is technology driven with more and more advancements coming day-by-day, a one time investment for a copier will never guarantee peace of mind for the buyer. The model which was bought some years back can become obsolete now. This leads us to the only other option available - leasing.
The primary advantage of copier leasing is that the capital investment required in buying a new machine can be saved. The amount could be used for creative purposes such as strengthening your customer support, recruiting new service personnel, etc. As the leased copiers are charged on a per-copy basis, the total cost involved is highly limited.
Copiers are offered maintenance by the lease firm itself and your company doesn't have to worry about finding service staff for the equipment. Other benefits include the direct tax savings as the leased equipment is considered a tax-deductible overhead expense. The option of upgrading outdated equipment with a new one is totally cost effective. If you are satisfied with the performance of the unit, lease firms give you the option to either buy the equipment or renew the lease period. You can also simply return the product back if you are finding the equipment is no longer needed.
These advantages would certainly make you go for the copier lease plan. Nothing beats leasing for a hassle-free use and updating of copiers and other technologically advanced equipment.
Colleen Barrett is a consultant of GSG. Graphic Savings Group specializes in equipment leasing and color copier leasing GSG offers a full line of leasing options from refinancing to lease buyouts. We offer competitive rates, flexible terms and can even do deals for start-ups and municipalities.