Imagine the scenario – your old MFP has finally given up the ghost and you need to replace it. Or, even worse, you have a fleet of MFPs that need replacing. That’s a lot of capital – where are you going to get hold of that kind of cash? And, if you do, what on earth are you going to do with all your old machines?
Buying a new printer or MFP can be a headache at the best of times and, if you’re printing serious volumes, you know that cutting corners and buying cheap just won’t do. So, what’s the solution? Simple – if you need to upgrade your equipment without tying up large amounts of cash, then leasing is the way to go.
Leasing is standard practice for certain acquisitions already – most businesses wouldn’t dream of buying their company cars, for instance – but this mindset doesn’t necessarily translate to other areas of the business.
However, the benefits of leasing your printers and MFPs are exactly the same as the benefits of leasing your company cars. We’ve already covered the most obvious one – you don’t need to rummage down the back of Bill Gates’ sofa to find the cash – but there are plenty more.
Taking control of your finances is vital if you want to grow your business and leasing allows you to do just that. With minimal capital outlay, regular monthly payments and flexible payment options, you can ensure that your business maintains a healthy cashflow.
Just like cars, printers start to depreciate the moment they stop being brand new. Leased equipment appears as a cost on your balance sheet, rather than a depreciating asset. This reduces your overall tax burden and has a positive impact on your bottom line.
Keeping up to date
Keeping up with the latest technology helps you stay competitive and ensuring that your equipment can cope as your business grows is vital. It’s also expensive. Once again, leasing gives you the flexibility to stay up to date without crawling on your hands and knees to your bank manager every couple of years.
Everyone likes getting new things but few people would describe selling a second hand car, let alone a fleet of printers, as fun. You might be the proud owner of twenty shiny new printers and MFPs but you need to dispose of the old ones somehow. The demand for second hand equipment is limited, to put it mildly, and throwing them away is clearly out of the question.
What to do, then? Simple – make it somebody else’s problem. When you lease equipment, it remains the property of the leasing company so, once you’re done with it, it’s up them to dispose of it. Problem solved.
Maximise the benefits
If you’re going to take advantage of the financial and practical benefits of leasing, it makes sense to fully optimise your print budgets. Combining the lease with a managed print service allows you to do just that, putting the control of your print infrastructure firmly in your hands.
To find out more about printer leasing, called one of our experts now, on 023 9262 3300.
by Anthony Morgan