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Understanding the Total Cost of Ownership

April 17th, 2023 by Kevin Box

Understanding the Total Cost of Ownership

When running a business, saving money is top priority. One of the most important investments you can make when it comes to office equipment is a printer. It is essential in providing documents and other printed materials that are needed to run a successful business. But the cost of owning a desktop printer can add up quickly, so it’s important to understand the different costs associated with owning one.

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The upfront cost of purchasing a desktop printer varies depending on the type and features of the printer. There are two main types of desktop printers: inkjet and laser. Inkjet printers typically cost less upfront, but the cost of ink cartridges can quickly add up. Laser printers tend to be more expensive upfront, but their toner cartridges are usually more cost-efficient in the long run.

In addition to the cost of the printer itself and the cost of the toner or ink cartridges, you also need to factor in the cost of repairs and maintenance. Printer malfunctions are common, and the cost of repairs can increase quickly. The cost of a technician to come clean or repair a printer can range from $75 to $150 or more, depending on the type of repair.

Finally, there is the cost of energy consumption. Printers use a significant amount of energy, so if you’re running multiple printers in your office, you can expect your energy bills to be higher than normal.

One way to reduce the cost of owning a desktop printer is to invest in a multifunction printer. This type of printer combines a scanner, copier, and fax machine in one, which can help save both space and money. They can save money in the long run since they use fewer energy resources.

Multifunction printers are typically more expensive upfront, but they can be purchased outright or leased depending on the needs of the business. Function4's maintenance contracts covers all parts, labor, drums, service calls and toner, meaning businesses can save money over the long term.

Overall, the cost of owning a desktop printer can add up quickly, but with proper research and planning, you can find a printer that fits your budget and your business needs.

If you need help finding the right solution for your business in the Greenville (Hunt County) Texas area, contact your Function4 Solution Advisor today! Or visit us at https://lnkd.in/dXxKpj85

Posted in: Managed Print Services, IT Services, Printer Fleet

Function4 serves Houston, Beaumont, Paris, and the surrounding areas.