There is a lot to ponder when you want to get a new Xerox printer. Not only are there various models and features to consider, but you must also explore the pros and cons of buying versus leasing. Acquiring a new printer requires a mix of strategic decisions, including cost-effectiveness. Here are some tips and pointers to help you sort through the many options of Xerox printers.
Narrowing Down Your Options
The good news is, with so many Xerox printers available, there is one to fit pretty much every need and budget. It is critical that you select a device that best matches your business needs and goals as well as your financial status.
Whether you buy or lease will make the biggest financial impact, regardless of which type of printer or MFP you obtain. With that in mind, let’s explore the advantages and disadvantages of buying Xerox printers.
Is Buying the Best Option
- Advantages: If you have the up-front capital, buying is an excellent option for many organizations. Despite the initial expense, buying costs less than leasing over the long-term. And, buying offers advantageous tax deductions that can result in noteworthy savings.
Also, ownership means you get to make all decisions related to your device for its entire lifecycle, including when it is time to sell and get a new one. There are no penalties for how much paper or toner you use since you don’t have a lease agreement. Plus, you also are in control of who repairs and services your Xerox printer, which can be seen as both a pro and a con.
- Disadvantages When buying Xerox printers, there can be some downsides, primarily the high up-front expense. Buying is often cost-prohibitive for small-to-mid-sized businesses, making leasing a more viable option. Even companies that can afford the expenditure balk at the idea of spending a large amount of money on a depreciating asset that does not have a strong ROI.
Making a case for leasing is what happens when it is time to replace your Xerox printers. When you buy, you are solely responsible for getting rid of and getting a new printer when yours no longer serves your business. Moreover, it is important to note that as with any technology, MFPs can become “obsolete” in as little as a year. With a lease, it is much simpler to upgrade your model as needed.
Contact us with any questions on buying or leasing a new printer.
