The old adage that “Cash Is King” was never truer than in today’s business world.
As a business owner you need to do whatever you can, to conserve your cash flow.
When it comes to acquiring new equipment (either because you need to invest in the latest technology or your present Photocopier or Printer is creaking along), at www.photocopiers.ie we recommend that you consider the benefits of leasing the Photocopier or Printer as opposed to paying out hard cash for it.
So why is leasing better than outright purchasing?
It is more tax efficient –
- Depending on your circumstances, you can write off the lease payments against your profits. Lease payments can usually be deducted as business expenses on your tax return, reducing the net cost of your lease
You conserve your cash-flow –
- With leasing you are usually paying a Monthly cost versus writing a cheque up-front for the equipment.
Budgeting is easier –
- The payments are fixed so you know what you will have to pay each month
Upgrade Flexibility –
- As your needs change you can take advantage of the latest technology without having to worry about low trade in values
Leasing, for all of its advantages, has some disadvantages.
If you are not a “Business” and are a School, College, Charity, Non Profit Organization etc., then leasing may not be for you.
When you lease equipment, the cost of the finance or interest is added onto the original value. Therefore, the amount you will have paid back at the end of the leasing term, will be higher than the original price of the Photocopier or Printer. If you cannot take advantage of the tax deductions associated with leasing, then you may be better off purchasing outright – if you have the capital available.
However at www.Photocopiers.ie we provide leasing to many Schools, Colleges, Non-Profit Organizations etc as it helps them acquire the equipment they need, without having to use their scarce funds for the purpose.
