If you are looking into getting a copier for your office, and wonder what kind of financing is available, we can help. If you are a company that has been in business for decades or just started a year ago, there are copier financing methods available for you. Our team is committed to finding you a copier financing offer that will work best for your business.
Each company is unique, so what is needed for your business may be different than what is needed for another business down the street. Leasing companies factor in many aspects of how they structure their offerings.
Some of these considerations include:
- Amount of time in business
- What type of business you are
- Credit rating
- Credit history
- Cost of equipment
These are some of the considerations a leasing company will factor in when determining what sort of copier financing they can offer to your business.
Copier Financing is Traditionally Done Through a Copier Lease
When it comes to financing a copier, this is normally done through a lease agreement. What this means, is your company will get a copier, at a set price per month for the machine (plus a little money per print to help pay for the toner cartridges), and then you can use that copier for years to come.
A traditional copier lease is either 3 years or 5 years. What this means is you can have a copier for a longer period of time, perhaps because a desktop inkjet multifunction printer (MFP) is experiencing maintenance issues or costing too much money in ink/supply costs. At the end of the lease, it sets up a natural and predictable time to upgrade to ensure your company is using modern technology.
What if I Don’t Want to Lease a Copier?
For those who don’t want to lease a copier, there are a few options you can try, like renting a copier. One concern worth having about rentals is that a copier rental fleet tends to be made up of older devices from most dealers (rather than the new copiers they lease), and they tend to be more expensive per month than leasing a device.
The reason for the higher expense is because rentals are typically a short-term agreement. There is more work to get a rental copier ready and delivered than it is to get a new copier ordered and delivered. A new copier doesn’t require technician time to make sure it is setup properly and working well, along with paying for parts to get it to perform properly. The delivery to and from your location is hundreds of dollars in costs for most copiers, so if you are renting for just 3 months minimum, that has to be added to the price per month.
The net result from renting a copier is you tend to get an older used copier at a higher price than if you had leased a copier. If you are not concerned about paying the higher price and just want it to be a device you can use, then a rental could work in a shorter-term situation. The most common rental scenario that makes sense is for a temporary site that will have staff, but the project will be wrapped up in under a year. This can get you a high quality copier without a long-term commitment.
How We Can Help
We lease copiers to companies and help them find the best copiers for their situation. We can help you find financing for your copier and make sure it is a great deal. If you have questions about the technology, the financing or the process, reach out and we are here for you!
We are here to help you get the copier financing you need for your company. Contact us today to get the process started.
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