For business owners, investing in several office equipments entails multiple factors. Factors may include total cost and maintenance. Therefore, determining “Which Is Worth Your Money?” can be a key factor. With this in mind, let’s weigh some of the pros and cons of Renting Vs Buying Brand New.
Renting
PROS
Low Initial Cost – Renting a photocopier is much more cost-effective as you do not have to fork out a hefty sum for brand new office equipment. With a low initial cost to rent a photocopier, you can set that budget aside for other areas of your business.
Upgrade – Feel that your company has outgrown the specifications of the rental photocopier? Renting photocopiers allows you to have the option to overhaul. This means you can upgrade your rental photocopier to a much better model which will better suit your company’s needs.
No Depreciation – With rental photocopiers, you do not have to worry about the value depreciation of the asset.
Fixed Pricing – You will only have to pay a fixed amount every month for rental.
Maintenance – Renting photocopiers usually means that you will have on-site support and maintenance as part of the photocopier rental contract. This means you don’t need to worry about sourcing for your photocopier servicing.
CONS
Contract Duration – There’s a fixed period for the contract duration. If the contract is broken prematurely, you will have to pay the rental cost for the remainder of the contract duration.
Buying Brand New
PROS
No Contract – No contract is needed. You can dispose of the machine as and when you like.
Selling Option Available – Buying brand new machines has its own merits. If your company doesn’t need the machine anymore, you can sell the machine to recuperate some of its original cost.
Low Cost Over Time – Purchasing your machine will be cheaper in the long run and does not require monthly payment.
CONS
High Initial Cost – Not every company has the budget to fork out for a brand new photocopier.
Maintenance – Even with a warranty, you will still have to pay sizeable amounts for toner and servicing.
Depreciation – The machine’s value is subjected to depreciation as newer models get released in the market.
Both options have their advantages and disadvantages. In addition to their pros & cons, a key indicator to find out what suits your company is also if you can find a suitable photocopier rental company which can personalize office solutions to fit your company’s needs.
“Renting Vs Buying Brand New: Which Is Worth Your Money?“
MCLINK ASIA offers comprehensive photocopier rental solutions without hidden costs to satisfy your needs. Want to know more? Please contact us at the following: