Frontier Business Products is proud to be Colorado’s top Ricoh dealer, and we’ve been partnering with small businesses in Colorado for over 41 years. When you’re looking for the Ricoh dealer near you that you can count on for legendary service, we’re here to help.
Should you buy or lease a Ricoh printer and copier hardware for your small business? There are advantages to owning the equipment yourself, but leasing might be a more cost-effective option for several reasons. Our team of professionals is always available to discuss your options and help you make an informed decision. Here are just a few of the benefits you’ll enjoy when you lease a printer equipment from a Ricoh dealer.
Leasing From a Ricoh Dealer Near Me Frees Up Your Cash
Starting up or growing a small business typically involves a constant struggle to make ends meet. You can’t run an office without quality production equipment, but office machines are costly. When your new business opens its doors, you’ll have to take out substantial loans to get started. You’ll also have to put up a down payment or other collateral to secure a loan in addition to making payments to service both the principal and interest on the loan.
When you lease Ricoh printer machines, you won’t be tying up your cash and credit. The Ricoh dealer in your community will help you find the multifunction printer or copier that’s the right size for your business and discuss your leasing options. Your down payment will often be close to the same as your regular monthly payments, and you can step right into a lease without the hassles of securing a loan.
A Ricoh Dealer Near Me Is a Great Temporary Option
The days of iconic corporate office buildings downtown are definitely in our rear-view mirror. In fact, many companies now form on an ad hoc basis and might only set up physical office space on a short-term basis. If that sounds like you, you should find the Ricoh dealer near you to get started. We’ll also be happy to set up easy processes to set your company up for success. One of the great advantages of creating a startup is skipping the waste and inefficiency that’s so commonplace at a large company. We’re always happy to provide you with an impartial workflow analysis to help you get your business off to a great start. With the right equipment, your grassroots organization might not be as temporary as you think.
A Ricoh Copier Dealer Near Me Has Predictable Fixed Costs
All office machines have a limited operational lifespan, and even the newest copiers get out of date quickly. One of the great advantages of leasing from a Ricoh copier dealer near me is the freedom to return or upgrade the equipment at the end of the lease term. Most leases allow you to purchase the equipment outright when the lease ends, and the terms are favorable for the buyer.
In many cases, it might only be a nominal payment as small as $1. But you have the freedom to walk away when the lease ends, and you’re not obligated to keep the equipment if it no longer suits your needs. If your business is growing quickly, you’ll have the freedom to upgrade to a high-volume printer in the future.
When you lease a copier, you can negotiate monthly terms that involve a predictable monthly payment. When you set your budget for your new equipment, your first payment will usually be the same or close to the same amount as your regular monthly installment payments. While you’re making your monthly lease payment, you’ll also be able to set terms for preventive maintenance, supplies, and technical support that’s spread out over the length of the lease.
If your printers or copiers encounter a service issue, you won’t be responsible for paying exorbitant repair expenses out of your own pocket. Ricoh printers and copiers offer industry-leading uptime and one of the best service records in the business, and you won’t have to budget for extra repairs in the event of a service issue during the term of your lease.
You’ll Always Meet Industry Standards
Copiers, printers, and other office equipment have always been an important capital investment for small businesses, and that’s equally true today. It’s never been easier for new businesses to enter the marketplace, and mature businesses can pay dearly when new competitors find and exploit procedural weaknesses. It might not seem quite as urgent to upgrade your copiers and printers as paying other expenses, but you don’t want to procrastinate your way out of business.
Your company’s survival depends on showing up to the marketplace with the right tools to stay competitive, and leasing new office equipment will always ensure that you have the latest and greatest products.
In 2018, The Pew Research Center released an analysis of U.S. Census data that revealed that millennials make up 35% of the workforce, and they’re also the most rapidly growing demographic. There aren’t any one-size-fits-all solutions when it comes to recruiting and retaining the best and brightest talent, but a great office space with state-of-the-art equipment is a great incentive. Copiers and printers are like all technology, and they can get out of date pretty quickly. Even if your office machines are functional, you owe yourself to take advantage of newer features before your competitors.
Tax Benefits
There can also be significant tax benefits when you lease a printer that might make more financial sense for your business. When you buy a new copier, you can only take depreciation according to a set schedule. The copier’s original purchase price is set as the initial valuation, and you can only take a limited amount of depreciation each tax year. You’ll need to check with your accountants to determine the exact schedule, but you can usually deduct 40% of the purchase price in the first year and 25% for each year after that.
Most lease payments will also qualify as tax-deductible expenses. They’re also pre-tax expenses, and you’ll be able to deduct each lease payment as soon as it’s made. This means that you’ll be able to deduct the full price of the copier more quickly. You’ll be able to deduct maintenance, repair, and other service expenses as well.
Do you want to add a personal touch to your office workflow solutions? Contact us any time you have questions about Ricoh products, and be sure also to ask us about our free no-obligation workflow analysis. We offer a host of excellent managed IT and document management services to help you find ways to eliminate waste and redundancy and digitally streamline your small business operations!