If you’re looking for a cost-effective way to improve productivity, renting a photocopier is a smart option. A rental will allow you to have access to the latest technology without the expense of purchasing it. Renting also allows you to upgrade your equipment without the hassle of finding an engineer and supplier. Plus, it will reduce your tax bill, because payments for a photocopier rental are considered a business expense.
When deciding to rent a photocopier, consider your budget and the amount of usage. Rentals are usually grouped into low-volume, medium-volume, and high-volume options. You can see the different types and prices in the table below. Some rental photocopiers include colour or are black-and-white, while others have features such as automatic stapling and binding.
Photocopiers are expensive to purchase outright, and the initial outlay can cost several hundred pounds. Additionally, you’ll have to spend money on maintenance and ink. While purchasing a photocopier may seem like a great idea, renting a photocopier is more cost-effective, and can be an excellent option for any business.
Another benefit of renting a photocopier is flexibility. Unlike a lease, rental agreements don’t have set end dates. This is a good option for companies with irregular use of the photocopier. It’s a good option for start-ups and small businesses that need a photocopier on short notice.
Rental periods can be anywhere from a few days to several years. This gives you the flexibility you need to print more documents or participate in marketing activities. A rental period also allows you to upgrade the equipment later, if necessary. Renting a photocopier means you can get access to the latest equipment without the extra expense of purchasing it outright.
Another benefit of leasing a photocopier is that you can acquire another machine in case your current machine fails. A leasing agreement also allows you to make payments on the machine every month, so you’ll never have to worry about running out of ink or paper. Moreover, you can also take advantage of short-term rentals to avoid committing to a long-term lease.
Renting a photocopier is a good option if you don’t need a photocopier for more than 5,000 copies a month. Typically, businesses pay PS100-250 per month for a multifunction photocopier. When calculating the cost of a copier, it’s important to multiply the monthly rental rate by the number of months the lease will be in effect.
Whether you choose to lease or rent a photocopier is a crucial decision for your business. Both options can save you a considerable amount of money. While leasing is more flexible, renting can be risky, especially for a startup business. You must consider your business’ needs and your business’s equilibrium when choosing between leasing and renting.
Leasing photocopiers is an excellent choice for emerging companies. It eliminates the need for a large lump sum payment to purchase the machine, freeing up your cash for other business investments. Another advantage of leasing is that most lease agreements include service contracts, which cover callout repairs and regular servicing. Leasing also gives you the option to upgrade your photocopier without additional expenses.