When it comes to sourcing office equipment, such as printers and copiers, many business owners choose to lease instead of purchasing outright.
Leasing is a great way to save money with the printer and/or photocopier that works best for your business, but how exactly does it work?
How do printer and photocopier leases work?
Printer and photocopier leases work by a business paying a monthly fee over a set period of time for a printer and/or photocopy machine to be supplied to their premises.
This fee is paid until the lease agreement term is over and after this, the printer or copier is returned to the supplier. This allows businesses to source and use the equipment they need at a cost spread over a specified period of time, which is usually between 1 to 5 years.
Is leasing a printer different from renting one?
Yes, leasing a printer is different from renting one.
Typically, leasing a printer is ideal for those who know they will need the printer for a long period of time, but you don’t want the outright expense of buying one. Renting a printer however, is ideal for those who need short term printing solutions and typically, a rental is more open ended on a rolling monthly or quarterly term. Renting does cost more than leasing.
How costs work with a printer lease
One of the greatest benefits of printer leasing is that you get to spread the costs monthly over the agreed lease term. Lease agreements can be any length of time, but for printers and copiers they tend to range from 3 to 5 years.
When you lease a printer, you will pay a predetermined fee for the specified amount of time. The shorter the contract, the higher the monthly lease fee will be, which is why many businesses choose to lease for a longer period of time.
Depending on the type of printer or copier you choose, the amount you pay each month will vary. At Copy Print Services, we have a great selection of products to choose from that are suitable for a range of different business needs.
How long are printer and photocopier leases?
Printer and photocopier leases generally last anywhere from 3 to 5 years depending on how long you need the device for.
If your business has consistent copying requirements, then leasing a device for a longer period of time will likely be the most cost effective option for you. Our leases are very flexible and can be tailored to meet your needs and requirements.
Is it better to buy or lease a photocopier?
Whether you outright purchase or lease a photocopier really depends on the needs of your business.
If you don’t want to pay outright for a photocopier, then leasing is probably the best option for you. You can benefit from longer lease terms and even start a new lease for an upgraded model when your old one comes to an end.
With our printers to lease at Copy Printer Services, you can even benefit from our managed print service plans which help to take the hassle out of looking after the printer or copier. For more information on managed print services or printer leases, get in touch with our team today.
