How does the leasing of office printers work?

Leasing printers for your business is a great way to avoid the large capital outlay typically required for outright purchase.

Many businesses look at the choice of buying or leasing printers and opt to buy outright but this option is not always best for all companies. Renting or leasing printers is a more efficient form of financing. It also allows for cost-effective trade up access to brand new technology.

Benefits of leasing printers

For a lot of companies, especially those just starting out, the purchase of expensive office equipment such as printers and copiers can absorb a lot of working capital as you will want to ensure that your company is getting the best deal. Purchasing a printer also means you face the prospect of the machine being completely obsolete in a few years time. Leasing is a smarter alternative for your business for several reasons:

• Fiscal advantage

Your overall tax bill can be reduced if you choose to lease rather than buy business printers. This is due to the fact that the cost of leasing printers is tax deductible and can be written off as a business expense which will reduce the overall cost of leasing the printers.

• Budget

Most companies earn revenue over time, because of this it makes a lot more sense to pay for a piece of equipment, such as printers and faxes, as you use them. It does not really make any sense paying out in one lump sum payment when it is possible to take the option of leasing printers which allows your company to make small fixed payments that are a lot more manageable than one lump sum payment.

• Upgrades

It is a well known fact that technology such as printers and faxes are not assets within a business that appreciate, this kind of equipment often depreciates quicker than most other assets. If you choose to rent printers it gives your business the chance to upgrade to better technology at a lower cost than if you were to buy business printers each year.