In 2009, it was revealed that the recession had been hitting the photocopier industry for more than a year. Although photocopier sales declined as expected, it was interesting to see the shift in business patterns that occurred with changing economic conditions. Suppliers of photocopiers in Vancouver were seeing a shift away from buying and towards leasing. After hovering in the mid-’50s for many years, 2009 saw a leap in leasing levels to 61.9%.
The link between photocopier leasing, recession, and business is even more evident when you look at the 2010 figures. As much as 80% of new business came from photocopier customers last year. We'll explore why copier rental has been so successful for UK businesses in these difficult economic times, and what photocopier lease agreements can offer businesses who are looking to purchase new photocopiers.
Why are so many businesses leasing photocopiers?
There are many advantages to leasing photocopiers instead of buying them outright. Many of these benefits seem even more appealing for businesses as their economic fortunes decline.
It offers businesses the opportunity to avoid paying an upfront payment. Leasing photocopiers can be as expensive as PS10,000, so it doesn't cost as much upfront cash or credit as a purchase.
Businesses don't pay any extra for photocopiers beyond the agreed lease period. Terms can be modified to meet customer needs.
Businesses have the option to stay current with the latest technology or switch to more advanced technologies at the end.
Businesses often have the option to select all-inclusive packages that include toner, parts, and maintenance. They can also ensure proper integration of photocopiers in back-end systems or networks after installation.