Benefits Of Renting A Multipurpose Copy Machine Vs. Owning One

Some people think that the only way to acquire an office copy machine is to buy one. However, the truth is that you can get a multipurpose copy machine through lease. Leasing is often better than buying because it helps you to avoid the initial capital outlay required for outright purchase.

The cash flow and tax relief benefits of renting offer a very strong case against cash purchase. If you buy equipment outright, the capital invested becomes a depreciating asset. Renting allows you to save resources for other purposes or opportunities.

Why Rent A Machine Rather Than Purchase?

Some of the benefits of leasing over buying include:

1. Budgeting

Businesses earn revenue over time. So, it makes sense to pay as you use the equipment you use in your business. Leasing equates to pay as you use. Payments made throughout a lease arrangement are unaffected by changes in interest rates. Therefore, you can accurately plan for lease payments in advance.

2. Tax Efficiency

Renting helps reduce your overall tax bill. This is because the cost is deductible as a business expense.

3. Frees Up Your Capital

Multipurpose copy machines are very expensive. If yours is a big company, the investment for buying a machine for each department can be quite high. Renting the machines preserves precious resources for other purposes, such as expanding your business or buying stock.

4. Flexible Payment

You have the option of choosing an option that makes for the most comfortable leasing arrangement. With leasing, you don’t need the large deposit that is normally associated with outright purchase.

5. You Get A Combined Machine

The latest photocopiers and printer machines are multifunctional, that is, they combine all the functions of a scanner, fax machine, printer, color printer, pdf writer, document manager and photocopier. Leasing combined machines allows you to get a machine with all the new features in one machine without spending thousands of dollars to replace your outdated machines with new machines that have these features. Additionally, renting a multipurpose (combined machine) instead of buying one allows you to upgrade to a newer machine as newer features become available.

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