Finance Options for Photocopiers
When it comes to business photocopiers, you may be pleasantly surprised by the wide range of choice you have with regard to payment. Your business is in complete control. Not only can you pick an affordable deal, like those offered through compareyourbusinesscosts.com, but you can also choose how you pay, whether that’s a full payment upfront, photocopier rental, or even photocopier leasing.
Here’s a brief overview of the most common payment options available for business photocopiers:
There’s both advantages and disadvantages to purchasing a business photocopier outright. On the plus side, your business will typically pay a lower overall price for the machine than if you opt for a lease or rental option. On the downside, you will be required to part with the full price of the photocopier prior to delivery. For small businesses and startup enterprises especially, this can eat a big chuck into your available capital, perhaps restricting further growth opportunities.
For businesses that don’t want to tie up such a large chunk of working capital, leasing a photocopier can prove to be a much more cost effective option. Your business will agree to pay a set amount for the duration of the contract (usually 3 to 5 years) and will have the option to purchase the machine at the end of the contract based on fair market value. In many cases, the payments you make can be deducted from your taxable profits, helping to save you money.
Renting is similar to leasing, but many find it to be a little more flexible. Rather than having to commit to a long term contract, renting is usually arranged on a month-by-month basis. One of the other major benefits of renting a business photocopier is that the rental company will usually retain responsibility for ongoing maintenance of the machine, and may upgrade your equipment as necessary at no extra charge. Rental costs are often a little higher than leasing.
Finding an Affordable Deal
Whether you choose to purchase a business photocopier outright, or look into leasing or rental options, you’ll find the best deals at compareyourbusinesscosts.com. We’re committed to reducing the typical costs associated with a range of business services, including photocopiers, giving your business a unique opportunity to invest your working capital into further growth and development opportunities.