Photocopiers are an incredibly important piece of kit for any business. If your business’s demand for a photocopier isn’t that great or you are just starting up, deciding to lease a photocopier is an ideal way to avoid the initial investment that a straightforward purchase requires. Leasing is now an incredibly efficient way to access the crucial equipment that you need for the everyday running of your company and so there’s no end to the benefits of leasing a photocopier.
With a lease photocopier, you can benefit from only having to make small, fixed payments rather than being required to find a lump sum to pay for your equipment up front. If you are running a start-up or a business where copier usage is limited, leasing a machine can be much more cost-efficient for you than buying one. A regular, fixed payment allows you to budget much more effectively so you can focus on the more important tasks.
When you lease a photocopier, you can have much more control over exactly how much you pay each month than you would if you took out a finance agreement to buy the machine outright. A lease agreement gives you immediate access to the photocopier that you require whilst still enabling you to make payments that work for your business over a period that meets your needs.
When you buy equipment outright, it is not always possible to deduct the entire purchase price as a business expense. A huge benefit of leasing office equipment, including photocopiers, is the tax benefits that you can enjoy because of the regular monthly payments. When you lease a photocopier, every payment that you make is considered a pre-tax business expense, meaning you can deduct the entire payment every time that you make it. This means that not only does leasing conserve your cash flow, it really can save your business money too!
Upgrading your technology
IT technology is not a business asset that tends to stand up to the test of time. The usability of IT assets tend to decline over time as newer, more efficient models are released. When you lease your equipment, you can benefit from being able to have more up to date photocopiers installed as required. As you won’t be purchasing the photocopier outright, this gives you more freedom to have access to the equipment you need when you need it. A business that owns all of their own equipment can only upgrade if they reinvest and dispose of the original equipment. When you lease a photocopier on a fixed contract, it is much easier to upgrade to a newer model or one that will support any changes in your business’s requirements.
Of course, purchasing a photocopier outright does offer its benefits too. To discuss whether your business would benefit from purchasing a photocopier outright or setting up a lease agreement, get in touch with ASL Group today: https://asl-group.co.uk/contact/