4 Benefits Of Leasing A Printer Over Buying One For Your Small Business
A quality printer is an essential tool for your small business. You want your company's printed material to look professional to impress customers and prospects. Quality brochures, letters, and cards show you care about how you are perceived, and give the impression to others you take what you do seriously.
However, the cost of a high quality printer can be prohibitive, especially for a small business starting out with limited cash flow. Leasing is a viable option to give you a printer that will match your desire for excellence. Here are 4 benefits of leasing a printer over buying one:
Updated Technology
Leasing allows you to obtain the best printer to meet your needs without compromising on the quality of the printer. Many small businesses purchase lower-quality printers to just get by. The problem is that the printer may not meet their needs in quality and production.
A lease agreement will allow you to get a printer with the latest updated technology. Many agreements also allow you to upgrade to a better printer as they become available. This means you get to stay on top of the technological changes in printers without having to buy a new one every time there is an upgrade that could benefit your business.
Service Agreement
A leasing company will usually send technicians out to your business to perform routine maintenance inspections and repairs to keep your printer in good working condition. If you bought a printer, you'd be responsible for the routine maintenance and repairs.
Also, the company leasing you a printer has a financial interest in how well your printer is maintained. Leasing agreements typically allow you to buy the machine at the end of the lease term, but if you don't buy it, the leasing company takes them back and sells them on the open market. A printer in good shape will sell for more money than a printer in bad shape. The better the printer is maintained the less they have to do it before they sell it.
Tax Savings
You can write off the lease payments on your taxes much like you write off the depreciation of the equipment you own. You need to check with your accountant, but many small businesses write the lease expenditure off as an operating or a capital outlay expense.
Maintain Cash Flow
Every penny truly does count for small businesses starting out. If you buy a printer, you'll have less cash on hand to meet other short-term payments like bills and employee wages.
A lease agreement allows you to make affordable monthly payments without paying a large sum up front, or by using your credits sources (which would limit the amount of credit you'll have available for your other business needs) to purchase a printer. Contact a company such as Office Products Services to learn more.
