The Different Copier Leasing Options
Copier leasing is a financial agreement that allows your business to use a copier for an agreed amount of time (typically between 2 - 5 years) for regular monthly payments. Rather than needing to pay one upfront cost, you can spread the cost out over time, allowing you to free up funds you can dedicate to other parts of your business.
Leasing is very popular with both small and medium-sized businesses, as it helps give them access to high-quality and up-to-date equipment without having to take on the burden of costs that come with full ownership.
The Main Copier Leasing Types
Rental Agreement
During a rental agreement, you use the copier for the length of the contract and at the end you return it back to the leasing company. Key features include:
- Lower monthly costs
- You have the option to upgrade to newer equipment when the contract ends
- Payments are often treated as operating expenses
This option works best for businesses that like to have a predictable monthly cost and stay up-to-date with new technology.
Finance Lease
A finance lease works like a rental agreement, you make monthly payments throughout the contract and, at the end, you get the choice to buy the copier. You will either be able to buy it for a nominal fee or continue leasing it. Benefits include:
- Effective ownership of the copier over time
- Suitable for businesses that want to keep the copier long-term
- Can have a higher monthly payment than an operating lease
Managed Print Service (MPS)
A managed print service beyond just leasing the copier. With MPS, you get the copier along with maintenance, consumables (such as toner and ongoing technical support) all rolled into one monthly fee. This is ideal for businesses that:
- Would like a stress free option
- Have high volume printing needs
- Prefer to outsource print management
Choosing the right leasing option depends on several factors, including your budget, how long you need the equipment for and whether you’d eventually like to own it. Ask yourself:
- How much do we print every month?
- Do we want the latest technology as it becomes available?
- Would we prefer a simple, all-in monthly cost?
Here at Office Copiers, we take the time to understand your requirements before recommending a solution. Whether you’re a growing start-up or an established business, get in touch with our team, we’ll match you with the leasing that delivers the best value.
