Many business owners prefer to lease office copiers and multifunction printers for various reasons. While you’re probably aware of some advantages, others are less obvious — but just as important. Let us investigate further.

Technology

Copier machines lose value over time due to using and constantly introducing newer, better technology. If your company buys a copier, buying another new machine is the only way to upgrade technology. You’d also have to eliminate the previous model, which would add to your time commitment. In contrast, most copier lease agreements include the option to upgrade the copier at a later date. Such lease arrangements allow your company to stay up to date on the latest office technology. Because newer machines have lower per-page costs, avoiding obsolescence also means more efficient copying. Increased efficiency translates to higher profits and a higher return on your lease investment.

Capital

Small businesses rarely have access to unlimited capital. Saving money to explore business opportunities and make long-term investments is far more important than investing in office technology that will only depreciate. Avoiding large purchases like copy machines frees up bank lines of credit for more pressing business needs. Lease agreements may even include the cost of supplies, reducing the initial payout even further.

Budgeting

Leasing a copier can help you save money. Rather than making a single large payment at the time of purchase, leasing a copier establishes a schedule of much smaller payments, allowing you to organize your financial resources better. You can even customize the length and terms of your lease agreement to provide maximum payment flexibility. In addition, interest rate changes do not affect the established payment amounts.

Taxes

Copier leasing offers a significant tax advantage over purchasing a copier. If you buy a copier, you can only deduct the machine’s depreciation, typically 40% of the purchase price the first year and 25% of the purchase price the following years. If you lease a copier, however, the lease payment is considered a pre-tax business expense, which means you can deduct the entire payment each time it is made.

As you can see, it makes a lot of sense to consider leasing a copier. However, any business needs to weigh all considerations and make the right choice for your business.

Contact our team at Premier Business Technologies for additional info on pricing, costs, and everything about our copier leasing services.