4 Benefits of Renting a Copier as a New Business
When you’re first starting your business, there’s a lot to do and not so much money to do it with. You might need to make some strategic decisions in order to get the equipment and supplies you need on a tight budget. A printer rental service is often a helpful way to get the printing equipment you need even if you don’t have the money to invest in a printer right now. Let’s look at some of the benefits of printer rentals.
1. Save Your Capital
During the early operating days of your business, it’s unlikely that you’ll have the capital available for all of the equipment purchases that you need. You’ll want to carefully choose how you invest the capital that you do have. You want to use capital for investments that will appreciate over time. Printers, unfortunately, don’t fall into this category. Renting a printer to begin with is a much smarter business move especially when you consider that a business printer only has an average lifespan of three to five years, according to LD Products.
2. Simplify Budgeting
When you lease a copier, you alleviate many budgeting concerns. Instead of making one big purchase, you’ll have a set schedule of smaller payments. You can better arrange your resources to accommodate this. This gives you better flexibility with your finances in the early days of operation.
3. Gain Tax Benefits
There are even some tax benefits when you lease your printer. When a printer is purchased, it’s often necessary to deduct the machine’s depreciation. This can be as much as 40% of the purchasing price for the first year and then 25% of the purchasing price in subsequent years after that. If, however, you lease a copier, the lease payment can be counted as a pre-tax business expense. This means you’ll be able to deduct the entire payment each time it’s made.
4. Gain Access to Technology
Printers are tricky purchases because not only do they depreciate in value, but the technology featured on a printer is also quickly becoming obsolete as time passes. This is another reason why renting is a better option. You’ll always have the flexibility of upgrading to a printer with better technology as you need it.
These are just a few reasons why you might want to consider renting instead of purchasing a printer. If you’re looking for a quality printer rental service, please contact us at Click Copiers today.