Questions to ask when renting a printer or photocopier

Buying or leasing any large equipment is a big step to take for any business. After all, money doesn’t grow on trees, so you need to make the most of your hard earned cash!

Asking the right questions when you're considering leasing printing or photocopier equipment is vitally important, enabling you to make the right decision for your business. In this article we will help you to do a little research to ensure you get the most favourable terms when leasing or renting.  Paragon is here to give you professional, unbiased advice and to answer some of the questions that may concern you, so that you can make informed choices.

  • Question 1: What type of leases are available on the market?

Capital leases are similar to loans. This type of lease means that the equipment is thought of as an asset on your balance sheet, and you will get...

a) benefits-such as tax depreciation (the depreciation that can be listed as an expense on a tax return)

b) some risk-including being tied into a long term contract, (sometimes as long as 5 years.) and obsolescence of ownership, (where you end up with outdated or non functioning piece of equipment.)

Operating leases are where leasing companies retain ownership, and for tax purposes, the item being leased is considered a monthly operating expense rather than a depreciable asset. Operating leases seem far more popular among smaller businesses because they don't tie up your funds and are much shorter termed (usually three years or less.)

  • Paragons response

Paragon can offer you leasing agreements over 1 to 5 year lease periods.  We allow deferred payments of 6 months and give you the facility to buy at the end of your lease term.  However, if you feel this isn't right for you, then we also offer rental services with rental periods ranging from 3 days to 2 years, thus providing you with lots of options.

  • Question 2: Can I add to the lease?

Most photocopier leasing companies don't mind if you add equipment to an existing lease. Your lease payment will be recalculated accordingly; lease terms don't usually change.

  • Paragons response

Paragon has a flexible approach and we aim to provide a service tailored to suit your requirements. Therefore, should you need to add further equipment to an existing lease, then just give us a call and we'll do our very best to accommodate you...

  • Question 3: Can I terminate the lease early?

What if you no longer need the equipment you're leasing or you want to upgrade to newer technology sooner than you expected? Can you pay off your lease early?

  • Paragons response

Our leasing service gives you the flexibility of upgrading your lease should you have a change of circumstances during the leasing period.  Contact us and we can provide you with advice about any aspect of your lease, giving you the peace of mind you need.

Conclusion:

Ultimately, a few simple pointers may help you to decide. If your requirements are fairly small and you have the cash, or can get a low interest loan, then why not buy?  You'll save money in the long run. However, if you require a range of equipment, leasing may be a better option. After all, why tie up large amounts of money, especially when you could use that money to develop or fully establish your business?  However, should you wish to put your confidence in Paragon, we won't let you down.  We will match any competitor for price, and provide an unsurpassed leasing service. Why not try us our clients love us see some of their testimonials.

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