For the seventh time today, your copier refuses to work. It is old and has started to nickle and dime you at every corner. You have been presented with a problem. Do you rent or buy a new copier or do you hang onto your old one? First, having a copier that misbehaves constantly can become an office nightmare. It slows down the pace, and remember, time is money. In some cases, you are losing money to hang onto that old copier.
That begs the question, do you rent or own a copier? Before you decide, look at the needs of your company. For example, if you see yourself using a copier over an extended period of time, you may want to buy one outright. However, you will also have to look at your budget. If you can justify buying a new copier, make sure that the copier will be protected under warranty.
Renting, on the other hand, makes perfect sense if you want wiggle room. The advantage of renting? You can upgrade as soon as the copier becomes outdated. Copiers depreciate in value fast, and since their lifetimes are not long to begin with, going with a rental puts less stress on your budget. Meanwhile, you still have a copier that keeps things flowing at the office.