If you’re one of the many people who believe that copier leasing is cheaper than purchasing a copier outright, you may not be too far off the mark. In certain circumstances, leasing a copier is, indeed, much cheaper than purchasing one. Fortunately, there’s an easy way to find the answer. The only problem is that the answer depends on a few important factors.
First, let’s look at a number. The most effective way to determine whether copier leasing will be cheaper for you is to determine your Total Cost of Ownership (TCO). The Total Cost of Ownership addresses the entire collection of components that are needed to own and run a copier, and its value comes from tallying the cost per print, maintenance costs, power costs, insurance costs, and the cost of the copier itself.
Now, while the resulting figure may hardly cause a dent in the budgets of billion-dollar corporations, for the small business and/or medium-sized business, it could make a purchase (as opposed to a lease) simply unfathomable. Should a company purchase a copier that’s incompatible with other operations or a copier that’s prone to malfunction, costs can increase even more. Companies that operate under strict budget constraints, therefore, should fare much better from copier leasing rather then copier buying.