When it comes to office equipment, you have a lot of options--makes, models, functions, features, and more. However, one of the most important decisions you'll make is how exactly you're going to get your new device. Is buying the best way to go, or will you have more luck leasing?
Let's find out.
Buying Office Equipment
The truth about buying office equipment is that it has one hurdle: the upfront cost.
When you buy a copier, printer, or multifunction device, you have to pay in full before you walk out the door. For some companies, that's a serious limitation.
For other companies, though, that upfront cost is actually a relief. You won't have to worry about monthly payments or interest rates, and you'll end up paying less in the long run. Plus, the process puts you in control of the details--like how and when you'll maintain the device. You may even be able to deduct the full price of the purchase when tax time rolls around.
Leasing Office Equipment
Leasing office equipment, on the other hand, opens up a lot of different doors. Let's take a closer look:
- Flexibility: Leased equipment can often be upgraded without additional cost.
- Clarity: Monthly payments may not be your favorite thing in the world, but they're regular and reliable. That means you can add them to your monthly expense report and improve budget clarity.
- Simplicity: Don't want to worry about office equipment maintenance? No problem--most leases come with service agreements added into the overall price.
You may end up paying more over the lifetime of a lease than if you'd purchased your office equipment upfront; however, that cost is spread over months and can be easier for many companies to manage.
In conclusion, the difference between leasing and buying really comes down to your needs. Some businesses may find that it's better to pay in full and get things over with, while others may prefer the support provided by a lease agreement.
If you need help deciding between buying and leasing--or between different office equipment makes and models--you've come to the right place. Contact us today to get started!