If you’re starting a business or setting up a formal office for the first time, you need a lot of different equipment, including machines like printers, scanners, and copiers. Purchasing everything you need for your office can get quite expensive and burdensome. To avoid this headache, you can consider leasing. Below are some of the reasons why you should think about leasing your office supplies. 

Why You Should Lease Your Office Equipment

1. Save Money

Leasing is almost always the best way to acquire equipment then buying equipment outright. It is less expensive and gives you the flexibility of managing your cash-flow efficiently. For new businesses and most established businesses where cash flow is often a bit slow, keeping more of that money in your accounts, rather than spending it on upfront equipment purchases, can be very valuable. It also gives you more opportunities to invest in other areas of your business, like hiring or advertising.

2. Facilitate Easy Upgrading 

Office technology, such as printers and scanners, tends to evolve fairly quickly. If you purchase an expensive item, you might still need to replace it in a few years to take advantage of the latest features. Leasing equipment allows you to sidestep the process of selling or trading in old equipment. You can simply end your lease once the agreed-upon period is over and then switch over to a newer model.

3. Tax Implications

In most cases, leasing allows you to deduct the payment as an operating expense, rather than depreciating it as a fixed asset. Always check with your CPA for specifics regarding your personal circumstances.

If you’re interested in leasing any printers, scanners, or copiers, Bluegrass Office Systems in Lexington, KY, can help. They have been in business since 1981 and offer a wide array of office equipment from top brands like Canon. The team is extremely knowledgeable about their products and can provide office equipment repair for the items that you already own. View a selection of the printers and other products available on the company’s website, or call (859) 293-0435 to speak with a member of the team.