Renting and leasing are two different things. When you rent a photocopier, this means you receive a photocopier for a monthly fixed amount for a short period e.g. 1 to 2 years. Whereas when you lease a copier, this means that you can use and keep your photocopier in your possession for an extended period e.g. 1 to 5 years. You need to make agreements for leasing as per the provisions of the law. Below is more info about leasing a photocopier.
You need a photocopier for various reasons such as for your business purposes, yearly financial reports, for temporary purposes, and for different business events. Leasing a photocopier is a better option for you as you can only pay a small amount of money to the owner of the photocopier. If you want to buy a copier, you have to shell out some extra money and more money when you need photocopiers for your bulk requirements.
Time and lease agreement
If you need a photocopier for a longer period and you are not in a position to buy a photocopier, then photocopier leasing is a much better option for you. To lease a copier, first, you need to make a lease agreement and have it signed by the both parties e.g. customer and the finance company. If you want to break the lease agreement, then in that case you need to pay the penalty to the other party.
Renewing lease agreement and period of use
Depending on your requirement you can either lease a black & white photocopier if your work involves general photocopying. Or you can lease a color copier if your job requires that. Leasing a photocopier saves you lots of money in the long run. If you need a photocopier for more than one year then in that case leasing is the best option for you. If you lease a copier, then there is some extra benefit for you also e.g.
you can renew or upgrade the lease agreement. There is one other reason to lease a photocopier. Suppose you wish to purchase a new copier, then you also know that within next five years, it may become obsolete. So leasing a photocopier becomes a better option for you.
The copier machines manufactured today are capable of performing various other tasks like fax and printing directly from your computer, taking out multiple copies of documents, etc. apart from standard copying functions. Leasing a photocopier can help entrepreneurs to save substantial funds which they would have invested in buying different devices for different activities.
Paying in installments
Another interesting reason of leasing a copier is that the leasing agency does not ask you to pay the whole lease amount in lump sum. You can pay a fixed amount at the beginning and rest in a determined time in the future.