Should You Buy or Lease a Multifunction Printer?

You have a lot of decisions to make when it comes to multifunction printers–but one choice you definitely shouldn’t have to stress about is whether to buy or lease. Today we’ll cover the pros and cons of both, helping you decide what’s best for your business.

Before You Decide

Long before you start worrying about buying or leasing, you should focus on the multifunction printer itself. It’s best to have some idea about what you want before you start the shopping process. For example, choosing a Lexmark or Canon–that way, you won’t be distracted by features and functions when you’re trying to decide between leases and price tags. 

The best way to decide which multifunction printer is best for you is to do a little bit of research, analyze your goals both now and in the future, and prioritize. These machines can be a great advantage for your company–provided, of course, that they support your needs and open up all the right opportunities.

The Big Choice

Once you know what you want, it’s time to decide how to get it. Here are the pros and cons when it comes to buying or leasing multifunction printers!

Buying

Pros: Although the upfront cost of buying a printer might seem high, it’s actually cheaper in the long run. The tax benefits are also a pretty great advantage. On top of that, you own the machine, which means you get to call all the shots (and eventually get some money back when you go to sell it).

Cons: Ownership means you’re on the hook for everything. Repairs, maintenance, eventual upgrades–you’ll have to deal with all the details.

Leasing

Pros: Leasing gives you budget flexibility. You won’t have to worry about depreciation, and you’ll be able to upgrade whenever your lease allows.

Cons: The biggest disadvantage of leasing is that you’ll be paying more in the long run.

Buy or lease–it’s a big decision, but it doesn’t have to be stressful. If you want to see multifunction printer options, contact us today!