5 Benefits of Opting to Rent Copier Equipment
Cost management has been a common concern for many companies, and such issues must be dealt with proactively. One major expense many companies face annually is the cost of purchasing office equipment such as copiers, printers, ink etc. However, renting machines should be more common because it is cheaper and can save more money in the long term.
Many businesses that desire convenience and cost efficiency are advised to follow the trend of renting copier machines. In this article, we have highlighted five benefits of renting office equipment like copiers and printers.
1. Lower Upfront Costs
Buying a copier is likely more expensive because of the huge down payment required. This is particularly common with small to medium enterprises, which find it difficult to cut a check for thousands of dollars for office equipment. Purchasing cabinets, setting up the copier, and other associated costs are taken into account when renting since the renting party does not have to pay a premium first. This aspect benefits new companies looking to keep their administrative expenses minimal while emptying their operational desires.
2. Flexibility to Upgrade Your Photocopier
Office equipment, including photocopiers, is a technology that is extremely advanced and prone to gradual change over time. However, renting a copier creates an opportunity to switch to the more current models since the requirements for business change or whenever technology improves. Your team members and employees will always have the latest functionality and innovations, improving their productivity. Upgrading a rented copier allows the user to address new technological advances, whether in the form of better scanning, more connectivity features, or other changes, without the need to purchase new equipment and copiers.
3. Maintenance Service and Support with Rent Copiers
Sometimes fault correction and servicing of a copier may take a very long time and come with a costly fee that is usually unanticipated. Most, if not all, copier rental agreements come with the provision of maintenance and repair of the copiers, which entails that the rental firm bears the responsibility for repair works on the copy machine. It also means that you can focus on core activities that your business offers without worrying about machines breaking down.
4. Controllable Expenditures
One expense that must be incurred if management wants to have copier equipment is renting the other attached pieces, which is, in most cases, constant. There are no concerns about maintenance expenses, technician fees, or unplanned repairs, as these are mostly incorporated into the cost of renting these office machines. Thus, with such a predictable monthly cost, your expenditure on the purchase of office machines is very easy to manage so that the budget is not overrun. This enables organizations to budget their expenses prudently and especially avoid the risks of ownership: micromanagement of the organization’s assets.
5. Financial Advantage of Copier Machine Rental in Singapore
There are also tax benefits that may arise from leasing the copier equipment to other institutions. When renting equipment, the costs are often considered a complete operational cost, implying full deductibility, while purchasing the equipment incurs depreciation costs for some years. This means you will be able to save on taxes by renting, depending on your business and local regulations. It is best to get advice from your accountant regarding how renting will probably save tax in your case. Of course, don’t forget to check the rental fees for photocopier machines.
Copier leasing services offer many advantages, such as low initial costs, high flexibility, simple repair, and predictable costs. Whether your business is new or trying to control costs, renting can be a realistic, efficient option. The economic, use-related, and technological benefits of rental copiers make it possible for your business to remain functional without the weight of owning the equipment, letting you devote your attention to the growth of the company.
Copier Champ’s Copier Rental Service in Singapore
Copier Champ addresses your business needs smartly by providing copying renting services, which are advantageous to businesses and thus help address changing business requirements.
Customized Lease Copier Solutions
We appreciate that different businesses operate on various scales. Whether this is a new business requiring a simple, multifunctional copier or a huge one with volumes of prints, Copier Champ has got you covered. Furthermore, you can use periods with minimal rental copy charges to upgrade your technology or purchase additional machines as your business needs evolve.
Many copier machines come with too much capital investment as a down payment, maintenance costs, and the risk of the equipment getting old and malfunctioning. But Copier Champ gets rid of these shortcomings with its rental services, which provide relief in that these payments are incurred on a fixed monthly budget. This implies that no major fee is required and there are no hidden costs.
Our renting services are the perfect mix for companies that want some freedom, cost reduction, and up-to-date technological solutions, altogether without the hassles that ownership brings. Contact us today for a free quote.
