Just like leasing a car or a phone, it’s possible, and sometimes more beneficial, to lease office equipment. If your organization is thinking of upgrading an old copier or multifunction printer (MFP), have you considered leasing? While there are benefits of purchasing a new piece of office equipment, you could also be looking at higher upfront fees, costs for replacing and repairing parts, and being stuck using outdated technology with the rapidly evolving pace of innovation.

To lease or to buy? This is the question many small business owners face when the time comes to invest in a new copier or multifunction printer (MFP) for the office. Others, perhaps newer to business, may be surprised to learn that leasing is even an option. Isn’t leasing something you do with cars, not printers? But as you shop around and get familiar with the world of office equipment, you’ll learn that printers and copiers come at many different price points, and often it can make more sense to lease a device rather than to buy it outright. But when? It can vary from business to business, but here are some questions to ask when considering a lease.