Saving cold hard cash, who isn’t excited to read about a way that you can save money! All small businesses are seeking increased profits, and one way to do that is to cut down on costs. Heres a neat way that you might not have considered.
When you think about renting something, the first thing that probably comes to mind is that you can’t afford to purchase whatever it may be that you want to rent.
Often, the item in question will be unaffordable, and therefore renting makes sense so that you can pay for your desired object in instalments – albeit at a higher overall price. A home, for instance
You may though, be surprised (hence the title of this post) to learn that renting – printers, in this case – can actually save a business cash. Here are some reasons why that is the case.
The option to “try before you buy”
If you’re particularly unsure of a printer’s worth then renting can be an excellent way of giving something a “trial run”. Think of it like a test drive. You can get to grips with all the printer’s functionality – what it can do, what it can’t do – in order to provide you with an informed decision of whether you want to continue to rent the product, ditch it or even purchase it.
It can fill a temporary requirement
Perhaps you don’t want or need a printer on a full-time basis. If so, renting one can provide you with a short-term and cost effective solution without the hassle and unnecessary expense of buying one.
An upgrade can be made
Renting printers offers you the flexibility of being able to trade-in – or upgrade – to the latest model when it becomes available. Which, in turn, saves you the agro of selling or disposing of an old printer and the cash of splashing out on a new one. This is the case, even with models like the Canon Image Runner.
No repair costs
Because you are essentially hiring a service when renting a printer, any repairs or unexpected problems should be covered by the company you made use of when taking out the printer – sparing you of any additional charges that come from purchasing an item.
In some cases, there are tax benefits to renting office equipment. Operating a lease or rental can be tax deductable for the full cost of the term as part of a business expense – meaning that it won’t cost you anything! Now, that is saving money!
As with repair costs associated to maintaining a printer, similarly, installing one and connecting to all the stations and devices you require may set you back another chunk of your budget. This is rarely the case with renting.
Place expenditure elsewhere
Now you’ve saved all that cash on your printing solution, you can afford to splash your cash into other, more important, areas of the business – how about a year’s supply of coffee and biscuits? Sounds good to me.