Small businesses are all about gaining more flexibility without spending a lot of money early on. Photocopier leasing can let your small business do just that by letting you pay manageable, predictable amounts every month without going over budget. With photocopier leasing you’ll also be given the opportunity to update your Konica Minolta color copier for a newer model later.
Conveniently Upgrade Later Without Depreciation Worries
Instead of having to worry about depreciation, photocopier leasing allows your small business the chance to upgrade to a better machine in a few years’ time.
At the same time that you’re avoid obsolescence and gaining the newest technology that Konica Minolta has to offer you can realize significant tax advantages by leasing.
You should actually be able to file photocopier leasing as a pretax business expense for which each monthly photocopier leasing payment can be deducted in its entirety.
As you’ll come to find out as you weigh the pros and cons of buying a photocopier outright versus photocopier leasing, a lot of the decision comes down to depreciation.
https://commonensebusinesssolutions.com/free-lease-vs-buy-guide/
Fortunately, Konica Minolta printers hold their value very well since they incorporate 21st-century features like cloud uploading, Super G3 faxing, and a magnetic stripe card reader. Still, depreciation is something to look at.
Photocopier Leasing: Ideal for Small Business
In short, photocopier leasing is the way to go for most small businesses with a strapped budget because it means you’ll experience lower upfront costs, avoid obsolescence, and probably get a no-hassle maintenance plan that acts like insurance.
When you buy a copier you can actually still deduct your copier’s depreciation in terms of taxes, but buying outright means a higher upfront cost or buying replacement parts.
There’s also the unknown in terms of wear and tear and total depreciation depending on that wear and tear or what new technology comes out in the future.
All of that can’t be entirely predicted when buying a copier outright, but with photocopier leasing you can plan for some technological obsolescence and have a contract that allows you to affordably update your machine later.
https://www.thebalancesmb.com/business-equipment-vs-supplies-for-business-taxes-397638
Operating leases, as opposed to capital leases, are considered the best option for small business owners who have already committed to photocopier leasing.
Sometimes called fair-market value leases, operating photocopier leases typically provide you with lower monthly payments compared to capital leases. Operating leases are more like renting the equipment without the expense and hassle of it going onto your balance sheets.
Still, your lease will end at some point. So, what happens then? With an operating lease you have many different options: You can usually choose to buy the printer that you were previously leasing or upgrade to a better Konica Minolta multifunction printer after a few years.
Whether you eventually choose to buyout the printer, continue leasing it, or upgrade to a newer Konica Minolta printer you can take advantage of an attractive tax deduction for small and medium-sized businesses known as Section 179. That’s applicable for both photocopier leasing and buying.
http://www.section179.org/section_179_leases/
If you’re looking for more ways to save you might also ask your leasing company whether there’s a $1 buyout option with your photocopier leasing arrangement.
What’s that? With a $1 buyout option you’ll have the chance to buy your copier for $1 at the end of the lease term, rather than at the fair-market rate, simply by paying a little more every month.
Make sure to ask your dealer or leasing partner about the best deals on leasing a Konica Minolta copier and whether you have the option to own your own Konica Minolta copier someday.
