For most businesses, having access to a high-quality, reliable copy machine is extremely important. Being able to quickly and efficiently make photocopies of vital documents is an essential part of doing business in many different industries.
Unfortunately, photocopiers can be quite expensive, especially if you are looking at a model with advanced features. For a small business, trying to come up with the capital to purchase one of these office machines outright can be challenging.
Copier leasing is a way to get around this problem. By leasing a copier rather than buying one outright, you don’t have to worry about coming up with a large sum of money. Instead, the payments are spread out over time, making them much more affordable for small businesses.
That isn’t the only advantage associated with leasing a copier, either. There are countless other ways that this type of equipment lease can benefit your business.
Your business taxes are a great example. If you purchase a copier outright, you only get to deduct the depreciation of the copier from your taxes. When you lease one, however, the entire lease payment can be deducted as a business expense, helping to lower your overall tax liability.
Depending on the company that you lease the copier from, you may not have to pay for repairs. Oftentimes, repairs and maintenance are included in the cost of the lease, eliminating these extra expenses.
Leasing a copier also makes it easier to keep up with technological changes. Unlike buying a copier, you aren’t stuck with an outdated model. Instead, you can continually upgrade to the most current model available, helping to ensure that you are always using cutting-edge copier technology.
If you do decide to upgrade to a new copier, you don’t have to worry about disposing of your old one. Instead, the company you are leasing it from will take it back for you, replacing it with a new model. This eliminates the hassle associated with disposing of large pieces of office equipment.
Copier leasing provides many benefits for businesses. If you are trying to decide whether you want to buy a copier or lease one, it is definitely worth considering the overall impact on your business. Leasing a copier not only reduces your initial expenses but it also provides a significant tax benefit. Over time, it makes it easier to keep up with technological changes, as well, making it a smart choice for any business.