Printer lease options and benefits
When acquiring office equipment, the finance options need to be considered carefully. For example printer lease vs rental vs cash purchase. OSOT / Epson offers different finance options including printer lease or rental. They offer flexible finance options for your office equipment purchases in Conroe TX, Houston, Katy TX, Pasadena TX, The Woodlands TX or Tomball TX. One of those options is printer lease.
So how does a printer a printer lease work and what are the pros and cons? A lease is a legal form of long-term rental. You get possession and use the equipment in exchange for a monthly payment. This means a printer lease enable you to obtain the Epson product you need without having to pay all the money upfront.
There are 3 main types of equipment leases.
- The Fair Market Value (FMV) lease
- The 1$ buyout lease
- 10% option lease
When it comes to printer lease you probably will want to consider the FMV lease. With this type of printer lease you don’t own the equipment. At the end of the lease you simply return the equipment and upgrade to new equipment. The FMV lease is a good option for products that are prone to obsolescence, such as software, information technology products, computers and related equipment.
There are several benefits to an FMV lease. You don’t require a deposit and you only make monthly payments. You don’t get stuck with obsolete equipment. There may be some tax benefits in that you can claim monthly payments since it a business expense. An FMV lease is an off-balance sheet item so it does not hurt your short-term liquidity. You can also include service or maintenance agreements and upgrade options is your printer lease.
On the downside, you must first qualify for an FMV printer lease. That means you will need a good credit score as well as positive business records. You will also have to sigh lots of legal documents and deal with red tape.