COPIERS FOR LEASE iN CHARLOTTE
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Titan Office Solutions would like to thank you for the opportunity to let us assist you with your copier system lease. Making the leasing and support of your multifunction product as seamless as possible is our goal.
What Kind of Copier Lease Is Best for Your Company?
FMV Copier Lease
An FMV Lease means you pay the “Fair Market Value” at the end of the lease if you want to keep the copier machine.
The copier is leased to you for the term you sign up for and at the end of the lease, you are required to return it. This includes the fact you are responsible for the packaging and the freight costs for the copier. Your monthly payment will be lower because the bank gets the copier and can sell it in the open market.
Pros
- Lower monthly payment
- Ensures you will get a new copier at a specified time frame
- Access to Latest Technology
- Tax Benefits
Cons
- You do not own the copier after the lease is over
- Potential End-of-Lease Costs
- Responsibility for Return
- Long-Term Cost
$1 Out Lease
A $1 Out Lease means if you pay $1 at the end of the lease, the copier is yours. This is a lease that is essentially like getting a capital equipment loan. After paying all your payments on the hardware, you are able to pay $1 and the copier is yours. You can sell or continue using it as you see fit.
Pros
- You keep the copier even after the lease is over
- You don’t have to pay to send then copier back
- Predictable Budgeting
- Tax Benefits
Cons
- Higher Monthly Payments
- Long-Term Commitment to Equipment
Should You Lease a Copier or Buy One?
It depends on your business. For most small businesses, we recommend leasing a copier or multifunction printer over purchasing.
Leasing a Copier
The Advantages
- Fewer costs upfront preserve operating capital.
- Less hassle, more “managed services,” including toner, paper, maintenance and repairs included.
- Avoid obsolescence — you can swap your lease for the newest office printer once the term is up.
- Maintain standards across branches by leasing the same models. All units can be upgraded at the same time.
The Disadvantages
- Locked into a contract.
- More expensive over time.
Buying a Copier
The Advantages
- Lower overall cost — no interest or rental fees.
- Not locked into copy machine lease terms.
- Recoup the expense by selling the asset for fair market value when upgrading.
- Flexible maintenance and repair options — not stuck with the lessor’s maintenance plan and provider.
The Disadvantages
- Expensive to replace a copy machine.
- Hard to maintain consistent standards if copiers are not simultaneously upgraded across branches.
Contact Titan Office Solutions today to discuss what terms might be best for your business.
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