At OT Group, we receive a large number of questions from businesses in regards to which printer they should choose for their office. Perhaps the most common question, however, is whether they should purchase or lease a printer.
Investing in a printer or photocopier is a big decision for any size business. You want to make it as cost-effective as possible, but at the same time, you want to ensure your company invests in the right technology to give your employees the tools they need to be productive.
Printers and photocopiers come in a wide range of models, at varying price points. High-end laser printers could cost your business upwards of $10,000, while monochrome printers could cost as little as a few hundred.
Since most companies have high printing and copying demand, as well as large workgroups, printers that can deal with these high print volumes are the most popular. However, depending on the model that works best for your business needs, these can come with big price tags.
With that in mind, what is the most cost-effective way to acquire a printer or photocopier for your office? Should your business purchase or lease a printer? We explore the pros and cons of each in this blog.
Surprise costs: The initial investment you make into your printer doesn’t include any ongoing maintenance costs - such as toner replacements, paper and any repairs. This could impact your monthly budget if surprise costs come up.
The initial purchase cost: If you have high printing demands or your workflow requires the latest printing technologies, the initial cost needed for printing equipment may be too much for your company. This will take budget away from other growth areas of your business.
There’s no right or wrong answer when it comes to the question of purchasing or leasing a printer. It entirely depends on the needs and budget of your organization.
If you have room in your budget to purchase a printer upfront and a budget for the ongoing maintenance costs, then purchasing is probably the right choice for you. If not, then your company should definitely consider leasing.
Are you still unsure whether you want to purchase or lease your company’s printer? Get in touch with OT Group today. We would love to answer any questions you have and find the right printing solution for your company’s budgetary requirements.