The Pros and Cons of Leasing a Printer

Just like with a car, did you know you can lease printers? Printers for lease include small personal printers, but most of the time, you’ll see businesses leasing huge multi-purpose printers for the office.

Are there any advantages to leasing as opposed to buying? Are there any pitfalls you should watch out for when leasing a printer? Below are some major pros and cons of leasing a printer.

Pro: Encourages Flexibility

When a business is flexible, they are able to navigate change and reduce risk. Businesses have different printer needs, and these needs may evolve with time. Companies that currently require a high functioning printer may later decide to move things online. At that point, leasing would have been the best option. The same flexibility of leasing also benefits a company that requires basic printing but would like to expand their printing capabilites.

Con: Overpaying on Maintenance Plans

Unfortunately, most printer leasing companies will include a maintenance plan along with your printer. Of course, this maintenance does not come free. This means that a business owner who leases a printer will have to pay interest on the machine and the maintenance plan.

Pro: Low Upfront Cost

If you need a printer, but don’t have the budget to buy one – leasing is a great option. For instance, single-function printers such as a Konica Minolta bizhub 3602p can be leased for about $50/month. Leasing a printer is also a great way to preserve credit, which can be hard toaccess as a small business.

Con: More Expensive in the Long Run

In the long run, leasing a printer will require a business owner to pay interest. At the end of a lease term, most lessees will have paid more than the market value of the printer. Again, remember that the lessee will also need to pay interest on a maintenance plan which is not purchased seperately.

Shop with Toner Cartridge Depot
More from blog
Subscribe to our blog to get useful tips and news about the printing industry.
In addition, you will receive a $10 discount on your order.
You have been subscribed, and you will get a $10 discount coupon soon
You are subscribed already