Leasing a copier is a way for you to avoid spending your business capital, as it is required if you are going to purchase a copier instead. The overall outlay and advantages are more towards leasing a copier than outright buying one. Leasing is a tax-efficient and well-established form of finance, and it enables cost-effective trade-up access to the latest technology. An example of a leasing company is the copier lease in El Paso. You can check on their site about leasing and copier rental in El Paso, as they have various finance options and how leasing can be adjusted to suit a customer’s preference. You can also contact the copier in El Paso through El Paso (915) 201-3200.
Here are some key benefits of leasing a copier and everything that you need to know about it, especially if you have not tried to lease before or if you have a new business.
For a lot of businesses, buying an office utility like a copier or a printer may be a daunting investment; this is usually due to the large upfront sum and the prospect of it becoming obsolete in a year’s time. Leasing a copier is a smart alternative with a lot of good business-sense advantages.
A lot of businesses earn revenue over time, to pay as you use makes sense. You don’t have to pay a large sum of money when you can lease a copier in small, fixed payments that are totally manageable. It equates to pay as you use. Payments that are made throughout a lease arrangement are not affected by changes in interest rates, so you can accurately plan for lease payments in advance. The cost of use can be compared with revenue and profits that are projected.
Another advantage is that leasing can help reduce your overall tax bill, as the cost is deductible as a business expense by reducing the net cost of leasing the equipment. This will help determine whether to lease or rent a copier instead of buying one. If you purchase a copier, you will be able to claim at least 40% of the copier or printer purchase price against tax in the first year, and you can claim 25% of the outstanding balance. If you lease a copier, you don’t have to pay the cost immediately, and you can reclaim everything that you pay out on a monthly, quarterly, or annual basis.
It is best to save your purchases for assets that either appreciate or depreciate less. Leasing gives you more freedom for up to date office equipment, important with copiers and printers, to be installed as required and less affected by budget issues. Leasing copiers can improve your cash flow, and it can create a hedge against depreciation, inflation, and obsolescence. It also allows you to take advantage of technology improvement because you can upgrade your copier once your lease is up.
If you buy a copier, you can only upgrade it by reinvesting and disposing of the existing copier. With leasing, you can trade up to a newer model or one that accommodates the higher speed, volume, and features that your business needs. You can also use your capital for expansion or appreciating business purchases. Leasing office equipment preserves your resources for these purposes and other opportunities. You are able to preserve your existing credit lines, and you can use your money for other things.
With leasing, you do not have to worry about maintenance because leasing companies shoulder them. There are service providers that are tied up with leasing companies, so when you need to get your copier cleaned or fixed, you can contact them, and they can work on it without an additional cost. Service providers, like the copier repair in Miami, will make sure that you get the peace of mind that you deserve so you can concentrate on your business’ productivity.