When you consider a copier lease, there are many things to consider if you are thinking about obtaining office equipment like a Konica Minolta Copier or a Utax Copier for example. One of the first things you should think about is, wether you should decide to lease a copier or should you purchase one? Both options have advantages and disadvantages depending on your current business situation. When making any business decision, you should always ask yourself the following questions:
How long are you intending to keep the copier?
If you’re only planning to keep the copier for a short period, you could find that a leaseof a copier is an easier and more cost effective solution than actually making a purchase of a copier and then trying to sell the copier on once its no longer required. Its also worth investigating if there is a buyout option when the copierlease period is up should you choose to keep the item once your original copierlease is over.
Do you need to have a brand new copier or will a used copier be sufficient?
Do you need new equipment, or will used equipment meet your needs? Used equipment, particularly office equipment like a copier, is often available at a much lower cost but although you’ll save money on the price of the copier, its possible that you wont be able to lease the copier. New copiers, however, can often be available to either buy or to lease. One important thing you will need to investigate is the benefit/cost of a new copier vs. a used copier particularly if you’re a new business thats just starting out. Investing your possibly limited resources in a new copier if you’re just getting started in business can place a considerable strain on your finances.
How often do the copiers change their technology?
For items like copiers which are superceded often, it may be a better choice to use a short lease on the copier so you can always have the most up to date copier, particularly if technology is important to your business. If you dont rely on the latest technology, you will often find its a more cost effective option to update your copiers less often.
What are the financing options when considering copier purchasing or leasing?
Purchasing your copier will normally have a higher initial outlay as opposed to financing your copier using a lease. Depending on your companies cash situation, this may not be an option for you. A copier lease will normally require less cash as a downpayment, and the monthly payments are often smaller.
Is there a tax benefit when leasing a copier?
It’s important that you think about all the related tax implications for both options as they relate to your business. There’s usually a tax benefit thats associated with a copier lease where you will get to deduct the full copier lease payment immediately. You should ensure that you speak to your tax professional as each type of copier lease has different accounting for tax purposes. This will determine how much you can deduct as an expense on your companies profit/loss statement. When purchasing and financing the copier, you will only be able to deduct the interest portion as an expense. The principal amount that your company pays on a copier loan isn’t a taxable deduction on your profit/loss statement but is considered a reduction of your overall loan liability. Either a copier lease or an outright copier purchase both offer an advantage to a business. The key to making the right choice is to fully understand what your company’s copier needs are and the purpose of the copier.
Answering the questions above will help ensure that you’re making the best choice for your situation.
Talk to one of our copier lease specialists at In-Doc or send us a copier lease request and we will contact you to help you with any copier lease or print requirements you have.
Wide experience on many things and just publish information for fun.Experienced Salesperson and marketeer, both internet and non on-line. Web designer, very knowledgeable on PC and pc related issues, both hardware and software. Parent, driver and blogger and all round nosy parker but likes to pass on any information that I think might be useful to someone else. www.health.comyr.com
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