Benefits of Purchasing vs Leasing Printer/Copiers

The next time your business needs a printer or copier, you'll most likely need to decide between leasing vs purchasing printers. If you don't know which is better for your business, you aren't alone. It's a tricky question to solve, but we think we have the answer. Here we discuss the benefits of buying new printers as opposed to leasing them.

Buying a Printer Upfront Will Cost You Less in the Long run

While leasing may seem more attractive for small businesses that don’t have the cash to purchase a printer upfront, we would strongly caution against it, as it may not be saving you as much money as you think. Yes, the upfront cost of leasing is cheaper and allows you to acquire sophisticated equipment that may otherwise be out of reach. However, the overall cost of leasing vs purchasing printers will almost always be more in the long term.

While smaller than the upfront cost, the monthly payments of leasing a printer add up and often result in you paying far more than what the machine is worth due to the incurring interest that comes with leasing. And once your lease contract is up, you no longer own the equipment and will be right back at square one, in need of a printer. The only difference is you’ll now have even less of a budget to purchase a printer after having paid through the teeth for a lease.

With that considered, we wholeheartedly believe that the cost of buying vs leasing printers heavily favours upfront purchasing.

It’s Easy!

Purchasing a copier is always going to be the most straightforward option. When leasing vs purchasing printing equipment, you'll have to fuss around with paperwork and provide various financial details of your business to the leasing company. Lease terms can also be complicated to negotiate and impossible to get out of. All these headaches can be avoided when purchasing a printer/copier outright.

Get Full Control

By purchasing your printer, you control what happens to it. Leasing equipment will often require that you maintain the printer per the company's specifications. When you buy a printer outright, the most significant benefit is the most obvious - you own it and determine how it's used and maintained.

Buying or Leasing: How to Decide

Ultimately, the decision on whether to lease vs purchase a printer is easy. If you only need a small amount of equipment and you have the finances to do so, buying a printer outright will save you time, hassle, and money in the long run. These benefits far outweigh any positives offered by a lease-to-own arrangement.

Whether you’re looking to lease, buy, or lease to own printers, Copier Service Company can help. Our knowledgeable team will take the time to understand your business needs to ensure you get the right equipment to grow and expand. Contact us today to learn about our extensive range of printers and copiers for sale and lease.