Title: Are printer leases worth it?
1Are printer leases worth it?
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2Your business will need copiers or printers the
next time it needs them. This decision is one
that many businesses struggle with. Do you want
to buy or lease it? You aren't the only one who
doesn't know the answer. This question is asked
almost daily by my clients. The answer may not be
the same for everyone. Let me tell you a little
bit before you make that decision.
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3What I've learned over the years. My client
base includes about 80 of the banks, businesses
and medical practices located in the Detroit
region. I also lease copiers for my clients. The
ratio was closer to 50/50 20 years ago. Why is
there a significant rise in leases? It is
possible to lease instead of buying printer
technology. A copier is no longer a copier. In
the 1980s and 1990s, copiers were limited to
copying. These multifunctional devices are now an
integral part to the document. They can scan,
copy, scan, fax and even print.
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4Management of a professional office. The
copier/multifunction device is a powerful
technology tool as many companies are trying to
become paperless. It can be confusing, but I
want to help you decide which option is right for
you. Let's look at the pros and con of leasing
and purchasing technology equipment. You should
always ask questions to get the best deal.
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5Lease a Printer The Benefits Leasing helps you
keep your equipment current. Printers and copiers
eventually go out of date. A lease allows you to
pass on the financial burden of obsolescence and
the equipment leasing company. Know your
monthly expenses. Leases allow you to budget more
efficiently by having a fixed monthly cost.
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6There is no down payment. Small businesses often
struggle to find cash flow. They must ensure that
they have enough cash available for growth. You
can lease new premises without a down payment,
equipment without having to tap into much-needed
money. Keep up with your competitors. Your
small business can lease technology that is
otherwise expensive. This means that you're more
able to keep pace with larger businesses. You can
compete with them without affecting your
financial resources.
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