Should You Buy or Lease Your New Office Equipment?

Should You Buy or Lease Your New Office Equipment?

Buying and leasing your printers, copiers, and scanners in Tucson both come with their own advantages. However, one option will suit your needs better than the other. Factors to consider include the money you can save, your competition, and your tax information. Keep reading to find out if you should buy or lease your new office equipment.

Financial Savings

Leasing new office equipment provides businesses with a multitude of advantages, not the least of which is financial security. Top of the line products tend to come with intimidating price tags, which might be too expensive for some small businesses. When it comes to leasing your new office equipment, however, you can get the same products for lower prices. Since you do not technically own the equipment, you will not pay full price for it.

Competitive Edge

As trusty as your old copier may be, it is important for your business to stay on the cutting edge of technology. Other companies will be making use of high tech machines to increase the quality of their work while cutting down production times. In order to remain competitive, you will need to make use of these high quality machines. Leasing your equipment allows you to use the latest and greatest tech that the industry has to offer without paying full price. Once a more advanced product hits the shelves, you can return the one you have.

Tax Deductions

Owning your equipment comes with advantages as well. If you decide to purchase a piece of equipment that you know you will use every day, you can deduct in when you file your taxes. Much like leasing equipment, this also results in savings.

For help in deciding whether you should buy or lease your new office equipment, call Arizona Business Equipment at (520) 355-4801. Our team provides high quality copier and printer leasing in Tucson, Mesa and Sierra Vista. You can find out much more about our business by visiting our website or our offices today.