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Should you lease or buy a photocopier?

XBM is the photocopier company to choose when you are looking at your options in photocopiers. With expertise in a wide range of print management solutions, XBM specialises in top brand names like Epson, Sharp and Ricoh, and can guide you through the most cost-effective solution for your photocopying requirements. Photocopier leasing is a growing trend. With purchasing to leasing figures at approximately 50/50 in the 1980s, today's businesses are increasingly seeing the advantages of photocopier leasing as a way to manage cash flow while utilising top class office equipment.

Photocopier leasing has several advantages over purchasing, and numbers of photocopier users leasing had jumped to around 80% in a 2014 study. The main reason for this increase in photocopier leasing over purchasing, is that technology tends to progress faster than photocopiers wear out, and photocopier leasing offers the possibility of changing to an updated model when the current model is superseded.  While in the early days of photocopying, a photocopier just photocopied, today, multi-function machines will copy, print, scan and fax, and are becoming the hub of office document management. The multi-function photocopier is becoming an invaluable tool for offices aiming to reduce paper usage. Additionally, as technology improves, photocopiers will tend to become less expensive, so photocopier leasing has the potential to become cheaper with each new model.

Advantages of purchasing a photocopier over leasing are that the purchase price carries no fees or interest, so costs are held down. Some business owners will prefer to budget for a one-off cost rather than the ongoing costs of photocopier leasing. Also, once purchased, a photocopier is the possession of the purchaser, so the business can sell off this asset when no longer required or keep it in use for as long as it is working, and of use to the business. Photocopiers are relatively reliable and could be kept in use by regular maintenance for a considerable length of time without further substantial outlay. The main disadvantage of purchasing over photocopier leasing is the initial purchase price, which many businesses may find inconvenient.

To discuss your options for photocopier leasing or purchase, consult XBM, the photocopier experts.