Why Choose Copy Machine Lease
Owning a copy machine can have some financial burden on the business. Supply and maintenance costs that come with the initial purchase and the operational costs can stretch your budget beyond the profitable limits. Lease your copy machine to ease your budget and make it bearable. As a small business, you can struggle to get the money and investment in proper office technology to help maintain your business operations. Avoid making big purchases to keep your lines of credit available for significant business purposes.
Having a lease agreement help to minimize your cost of supplies and initial payout. Your budgeting helps alleviate other budgetary concerns. Concentrate on establishing a set schedule of smaller payments instead of making one large payment. The goal is the arrangement is to ensure your financial resources are better and not overs-stretched. Choose lease agreement terms that give you flexibility in payment. Changes to the interest rates should reflect set payment amounts.
Taxes, copier leasing gives you distinct tax advantage over purchasing a copier. Buying a copier means you only deduct depreciation of the device which is about 40 percent of the purchase price in the first year and another 25 percent for subsequent years. However, leasing the copier means that the lease agreement is calculated by considering the pre-tax business expense and you can deduct your full payment every time.
The introduction of new copy machines is affecting the value of the older copy machines, which is the depreciation businesses experience. You can upgrade the technology by choosing a new machine and getting rid of the old machine to avoid adding to your expenses. In contrast, most lease agreements have upgrade options at predetermined dates. The copy machine lease agreement enables the business to conform with the new technology. Avoiding obsolescence gives you efficient copying as you enjoy lower per-page costs and increases your profits because of the good return on lease investment.
Leasing the copier machines includes maintenance which lowers your costs. You can choose to buy a copier machine, but you will have to find the repair technicians to handle maintenance. A copy machine can breakdown because of constant use if you have a busy office engagement. Which is why most businesses choose to lease because of the maintenance discount. Paper jams and toner problems are constant issues that businesses deal with in the maintenance section. The lease can ask for reduced payment and charge maintenance or higher payments and give you free upgrades. Consider installation, toner, and paper costs when selecting the appropriate copier machine lease. Maintenance is vital, and it tends to build up if you don’t watch it keenly.