20 Jan Your Guide to Determining if Your Copier Lease Is a Good Value
Your business is in the market for a new copier, and you see leasing as an option – but is the lease you are about to sign the best value for your business? Maybe you are already in a lease and contemplating whether or not to renew. Here are some questions to ask when thinking about your leasing options to determine if it is a good value.
Does your copier boast the latest technology?
One of the best values in leasing is being able to replace old equipment with newer models. Newer technology is constantly coming on the market, so that means your copy machine could be considered obsolete in as little as four years. Does your lease give you the option to switch to a newer model?
How long is your lease term?
Something to consider is how long of a lease you are signing. Equipment leases can be anywhere from 12 to 60 months. The longer your lease, the smaller your payments, but you are paying more over time. Check with your provider to see if they offer the option to renew your lease early to upgrade your equipment.
Does your lease include a service/maintenance agreement?
Preventative maintenance and emergency servicing are costs that many businesses forget to factor into the cost of their equipment. This is another factor to take into consideration when choosing an office equipment lease agreement, because this being included can save you money in the long run.
Are you writing off your lease payments on your business taxes?
Did you know that the monthly payments you make on your lease are tax-deductible? If you are already in a lease and have not been writing off your lease payments on your business taxes, then now is a good time to start. Speak with a tax professional for assistance.
Arizona Business Equipment is a full-service copier and office equipment dealership in Tucson, AZ. For all your business equipment needs, call us at (520) 888-2679.