How Much Does It Cost to Lease a Copier?
April 24th, 2023 by Kevin Box
How much does it cost to lease a copier, or should I pay cash? This is one of the most frequent questions we get from our customers. Leasing a copier can be a great option for many organizations as it offers numerous advantages. Compared to buying in cash, copier leasing provides more flexibility, lower upfront costs, and the ability to upgrade to a newer model at the end of the lease. In this blog, we'll explore how much it costs to lease a copier and provide you with the information you need to make an informed decision.
- Monthly Payment Amount: This will depend on the specific model and features of the copier that you are leasing. The monthly payments range from $100 to $500.
- Leasing Term: The typical leasing term for most copier leases is 36, 48, or 60 months. The shorter the leasing term, the higher the monthly payments. If you lease a copier, you will need to complete the lease term or you will owe the remaining stream of payment fees left on the lease.
- Lease Fees: There can also be additional fees associated with leasing a copier. These fees can include delivery and installation fees, setup fees, and other costs such as taxes.
- Total Cost: The total cost of a copier lease will depend on the monthly payments and fees. Here's an example of how to calculate the total cost of a copier lease: Let's say you are leasing a copier with a monthly payment of $150 for 36 months. After adding to the installation and setup fees of +/- $500 and taxes of +/- $150, the total cost of the lease would be ($150 x 36 months) + $500 + $150 = $7,050.
When deciding whether to lease or purchase a copier, there are several key factors to consider. The key factor is budget. Leasing a copier can be a much more cost-effective option than purchasing in cash, especially if there is a limited budget available. Other factors that should be taken into consideration include the length of ownership, the expected usage of the copier, and whether you want the flexibility to upgrade to a newer model at the end of the lease. By assessing these factors, you can determine which option is best for your organization.
One unique advantage of leasing a copier is that you don't have to worry about the cost of regular maintenance and repairs, because these leases often come with a service contract attached to the agreement. With most standard copier leases, maintenance and repair costs can either be included in the monthly payments or paid separately. This means that you can save money on costly repairs, and you can keep your copier running smoothly without having to worry about maintenance costs.
Overall, the cost of leasing a copier will depend on the monthly payments and fees associated with the lease. The total cost of the copier lease can range from a few hundred dollars to several thousand dollars, depending on the model and features of the copier that you are leasing. By understanding the costs associated with a copier lease, you can make an informed decision about whether this is the right choice for you.
Additional Key Questions: What are the advantages of leasing a copier? What are the disadvantages of leasing a copier? What should I consider when deciding between leasing or purchasing a copier? How do I calculate the total cost of a copier/printer lease?
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