Leasing vs. Buying Your Next Copier

copier3Ready to get a new copier for your business? You have many companies to choose from, but today, around 80 percent of businesses, from healthcare companies to schools, have chosen to lease their copiers instead. Why the big change from buying to leasing? Leasing has become more popular because our technology has started to change so fast that leasing gives you access to the latest technology. Back in the 1980s and 1990s, copiers were just copying. In other words, they were not doing anything fancy. Today, you can scan, print, fax and document management has even let us go paperless. We have hit the 21st century where we’re always moving forward with technology and ways to save money on printing.

The copier of today has become a powerful computer that can perform multiple document management tasks. Leasing also gives you a more workable budget, and every two to three years, you can upgrade to a newer model that has the latest technology. On the other hand, buying is a good choice because there are no clauses or restrictions on how you can use the copier. You own it as your own, and leases actually end up costing you more over the long term. You also save money because you do not have to pay for fees or interest charges. A lot people do not want to run their business with debt, and while leases are not technically debt, you are bound to the terms, and it could be considered the same as a debt.