Should I Lease or Purchase a Wide Format Print Equipment?
When it comes time to add, replace or upgrade office equipment such as wide format printers, you’re presented with a big question: Do we buy or lease? There are pros and cons to each solution and the decision comes down to which of the two options best matches the needs of your business.
At Duncan-Parnell, we have an expansive lineup of advanced wide format printers that we can offer for purchase or for lease — whichever suits you best. Before acquiring your next wide format printing equipment, ask yourselves the following questions:
What Are the Pros and Cons of Buying?
The pros include:
- Outright ownership of your equipment, so you can use it as collateral or sell it when you like
- A less complicated process than leasing with no long-term contract
- Tax deductions available on a portion of your printer purchase cost
The cons include:
- A high initial cash outlay — often around 20% of the purchase cost
- You are responsible for all service and maintenance for the life of the equipment
- There are no automatic upgrades or replacement as the equipment gets outdated
What are the Pros and Cons of Leasing?
The pros include:
- Little to no initial investment cost or capital spending
- Regular service and maintenance as well as paper and toner supply
- The chance to upgrade to new features and models as they hit the market
The cons include:
- You aren’t building equity that counts on your asset balance sheet
- The long-term cost is generally higher than purchasing your printer
- Your lease agreement can be costly to break if your printing needs change
Duncan-Parnell Can Help You Choose
Our friendly and helpful team here at Duncan-Parnell will take the time to discuss your wide format printing needs and propose the right equipment for your business. We’ll also help you determine if leasing or purchasing is the best option for you. Contact us today and request a free quotation. We’re proud to say that “Successful Projects Start Here” and look forward to helping you find the perfect wide format printer solution that meets your expectations, needs and budget.