As a small business, the first five years are going to be a challenge
. You not only have to generate sales and stay afloat, you have to prove your market-worth and you have to stabilize your finances to ensure a future. That is asking a lot of new business owners. Every investment and dollar counts.
Copier leasing is one thing that you can do that boost efficiency and productivity without cutting a huge chunk out of the budget. Instead of with a purchase where you put all the money up-front, you can schedule payments monthly to pay off the full cost over the term of the lease, which usually lasts between two and five years depending.
You also get the financial benefit of writing it off for taxes as a business expense. The cost is deductible so the net cost is reduced for leasing the equipment. If you purchase a copier you can claim approximately 40% of the price in the first year and only 25% each following year on the outstanding balance. With a copier lease you don't pay that cost immediately and you may potentially be able to reclaim everything you pay over time.
It also makes upgrading your office much easier. Instead of having to make a full payment every time something is outdated and needs replacement-- you can upgrade when you start a new copier lease. You can even upgrade during a lease if the contract allows. You should always check to see if that's an option because of the fact that office needs change with expansion and development.
You also only pay for whatever you use of the machine too so there's no frustration and no lost investment potential. This is a return on investment opportunity because the lease enhances productivity. The cost savings make up for the periodic payments.
And one last major advantage to the copier rental or leasing method is that you get the option of test driving the equipment. You get a period of time to receive a demonstration of its capabilities. It's not like a purchase where you only get to guess whether or not this is the best office machinery for the task and you just have to deal with it.
Your business can use business strategies such as equipment rental as a means to 'cut corners' where needed without losing quality or taking risks. It's a safe way to stabilize and allocate finances and it is not a hassle to sign up.