A good question to ask yourself is “should I buy a printer or rent one?” Purchasing a printer is a costly investment. Besides, buying a printer means that you have to spend money on maintenance, resale, and repairs later. If you can, consider renting a machine to save money in the long run. Look for brands such as canon printer rental. You can pay a fixed monthly payment that will be easy to budget and plan for. You can also choose a lease that includes managed print services, which is convenient for small businesses.

Type of Business

A multi-function printer is almost a necessity for any larger business. It can be used for printing, copying, and faxing. The high document workflow will require a high-quality printer. Rentals can be expensive, and you may find it difficult to afford them in the long term. Buying one is always a better option for a business with a high document workflow. Nevertheless, you have to be very careful with a rental if you are not sure if the machine will be useful enough for your business.

Cost

Buying a printer requires a large upfront investment. Furthermore, a printer depreciates in value quickly and becomes outdated in a few years. This makes it difficult to resell it later. You will also have to pay for repairs and maintenance. Besides, a large initial investment may reduce your working capital and hamper your business operations. Therefore, it’s better to choose a lease instead of buying one.

Installments

A lease is a binding contract, and a company cannot opt out. However, leasing is less expensive than buying. A lease is typically a two-year commitment and is the ideal option for a small business. Moreover, it’s a good idea for small businesses. A lease allows you to sell the equipment when it’s not working as intended. On the other hand, a purchase involves paying monthly payments for two years. The downside of a lease is that you can’t switch the machine in the future.

Consider Your Business Needs

Buying a printer is an expensive investment. It’s also a good idea to consider your business’s needs. You’ll need to decide how many prints you expect to make a month. Moreover, a rental will allow you to get a better deal on parts. A monthly payment can be fixed, which will reduce your expenses and give you more time to focus on the rest of your business.

In Conclusion

If you’re in the process of upgrading your printer fleet, you might be thinking of buying a multifunction machine or getting a photocopier for sale. It is a better option than buying a single monochrome unit. While it may seem like a wise investment, a rental can be less expensive for you in the long run. Whether you want to rent a printer or buy one, a rental has many advantages.