RENT OR PURCHASE A COPIER

Most businesses require a copier. When deciding whether to buy or lease an office copier, there are a lot of factors to take into account.

1. OWNERSHIP

The biggest advantage of purchasing one is probably getting immediate ownership. You are free to do whatever you want with it and maintain it anyway you see fit once you have purchased it and had it installed in your business. In contrast to leasing a copier, the equipment is still the leasing company’s property. Even if some businesses give the option to purchase the item at the end of the lease, others could insist on the customer returning it at their expense.

2. LONG TERM COST

Aside from maintenance, purchasing a copier machine is a one-time investment that is unaffected by other factors, thus it is unlikely that the cost will climb beyond what you initially pay.

Long-term costs of leasing a copier may end up being higher than those of purchasing the same copier. If you pay for an RM 2,000 copier over the course of five years, it can wind up costing you about RM 5,000.

3. OPTION TO UPGRADE

This is a significant plus because technology is constantly improving. You can exchange your old copier with a newer one with superior technology when your lease term ends. As a result of ongoing technological advancements, newer and better device models are continually being released. In comparison to purchasing a copier machine, an average copier has a lifespan of 5 years, after which you will likely need to purchase a new one. Your copier will be obsolete even if it is in fine shape by then. Additionally, you won’t be able to quickly replace your copier if it needs to be changed.

4. LEASING PERIOD

Leasing businesses may be liberal with payments, but they are less so when it comes to violating your lease. Even if your needs change, you will be bound by the terms of the lease until it expires, making it impossible to break it. Purchasing a copier is fairly simple. The deal is completed once you hand over the money. You are not bound by any agreement.

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