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Printers: Buy vs. Lease

From the Printware Blog on Monday 27th July 2015 in Consumer Advice, News, Resources, Managed Print

Today, there are many options when it comes to investing in new technology. Two of the most notable alternatives are to buy or lease equipment, including printers. A lot of companies offer these two options, and while both come with their own set of benefits, choosing which method is right for you can be tricky. Click here to see our range of high quality printers.

Whether you operate in the leisure sector or the retail industry, you need to make a decision based on what is right for you and your business. This means taking into consideration your current financial situation, the amount you print, and more.

You also need to think about long-term savings and commitments i.e. whether you are planning to upgrade on a regular basis or looking for a printer that will see you through the coming years.

All of these factors are relevant when it comes to choosing to buy or lease.

If you are struggling to make a decision, reviewing the benefits of each and determining which advantages appeal most can help you come to the right decision.

To support businesses that are torn between buying and leasing, we have compiled a few benefits of each option below. Using these benefits, you can paint a clearer picture based on where you see your company in the future with this technology.

To begin with, let's take a look at the advantages of purchasing a printer.

Buy vs Lease sign

Buy

Owning the technology

One of the most obvious benefits of buying a printer is that you own the technology. Whilst the upfront cost of a brand new printer is significantly more than a smaller monthly payment, it means you can manage the printer in your own way.

No Terms and Conditions

Our next benefit of buying a printer is that you aren't tied in with any Terms and Conditions. This means you can utilise your printer the way you want. Also, depending on which model you purchase and its level of maintenance, a bought printer can carry you through many years.

Variety in Choice

Some printer suppliers that offer leasing as an option only have a small selection of technology available. By purchasing your printer, you have a wider variety to choose from, with a spectrum running from cheap and cheerful through to state-of-the-art models.

Lease

Flexibility

If yours is the type of business that is constantly advancing in terms of technology, leasing may be a better option for you. Leasing offers flexibility in terms of updating models on a more frequent basis. This means that you can keep up with the times, and your office can boast a hi-tech printer.

Sampling

Most companies allow you to sample your chosen printer model and upgrade at certain times. This allows you to experiment with different printers to find the one that meets your company's printing needs. Also, you can do all this without getting stuck with an expensive device that you don't want.

Fixed Payments

If you are just starting up or you are a smaller business, you don't have to continue living in the shadow of the corporate giants. A leasing contract is usually based on fixed monthly payments which means you can budget each month, without having to put aside the pennies for an expensive model.

Choosing to buy or lease is a big decision, and you should take as much time as you need to determine which option meets your specific business needs.

 

Here at Printware, we offer a range of affordable printers and printer cartridges. So please feel free to browse our site, or get in touch today if you have any general queries. 

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