The TDSIT Blog

Who Pays to Remove the Old Copier From Your Office – Is It You???

Posted by Tim Stanley on Fri, Nov 15, 2013 @ 01:53 PM

TDS copier removal

When the time comes to finally replace your copier with a multifunction printer (MFP) or another device, many business owners or managers are happy to see the old machine go.  But before the copier leaves your building you should be aware of the costs that can be incurred for copier removal.

Typical copier lease agreements have a three to five year term.  In the agreement there are typically stipulations outlining the removal of the copier when the lease expires or if the copier is to be removed before the term of the lease is completed.  Hefty fees can be involved in these cases.

As with any lease agreement business owners and managers should carefully review the entire lease before signing.  Far too many times, however, the copier removal fees happen by surprise because that portion of the lease was overlooked or misinterpreted.

Copier leases can have two different options available.  The first is for the business to completely manage and pay for preparation, transport and shipping expenses for the copier removal.  The second option is for the business to have the copier company handle all of the preparation and transportation expenses.  Both situations can be quite costly for the business.

Copiers are not easily transported because they are heavy and contain toner or ink that must be carefully moved.  Copiers are delicate devices that can be broken if not properly protected during the removal process.

Thoroughly reviewing your copier lease is the best way to avoid the surprise copier removal fees.  Xerox takes pride in having an end of lease program that is business-friendly and can protect you from unanticipated expenses.
 

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Tags: document management, lease multifunction printer, Total Document Solutions, TDS, service agreement, MFP

Purchase or Lease MFPs: The 7-Point Comparison

Posted by Tim Stanley on Fri, Sep 21, 2012 @ 01:22 PM

Office Equipment These days our business world is full of options. Full-time or contract? Sales or marketing? Two- or three-ply in the corporate washrooms? 

While the benefits of single-, double- or triple-ply are easy to fathom, knowing whether it is smarter to purchase or lease your new Multi-Function Printer (MFP) can be a toilsome decision. Which will get you the technology you need now to empower your users? Which one will be cheaper in the long run all things considered? Will it affect your service contracts?

There are plenty of elements to consider when deciding whether leasing or purchasing your new equipment is right for you. For example, will being able to write-off purchased equipment benefit your business? Will purchasing negatively impact your current cash flow?

Each side of the lease/purchase coin has its benefits, so consider the following points when deciding whether to lease or purchase your new MFP.

Leasing
When considering leasing equipment you should consider things like how long you will require the equipment for (and therefore how long the lease will be), is there a buy-out option at the end of the lease, what type of equipment guarantees are there etc. Be sure to consider how the following points affect your company's objectives: 

  1.  Cash Flow: leasing has significantly smaller upfront costs as the sticker price is deferred over the long term. This can free up company cash to invest in other projects. Not only is the upfront cost mitigated, you also can control your cash flow by knowing exactly how much you will need to reserve for lease payments. 

  2. Flexibility: Leasing agreements often come with flexible payment plans that allow you to customize your equipment payment schedule. In addition, leasing office equipment can empower you with upgrades and trade-in opportunities that upfront purchases often can't offer. 

  3. Value: When your lease ends the value of the equipment may by higher than that of outright-purchased machines—offering you residual value over time. 

Downsides: Often it is hard to know exactly how long that piece of equipment will suit your needs and early termination of lease agreements generally incurs expensive penalties. Also, you may get caught with automatic renewals with terms that are less than favorable to you. 

    It is best to think long-term before you commit to a lease, and discuss renewal options before you sign. 

    Purchasing
    When contemplating purchasing your equipment outright you need to consider issues of scalability, cost and value.

    1. Lower Upfront Costs: Purchasing your MFP(s) outright is generally cheaper in the long run as it locks in your costs for life and avoids you paying additional costs for things like penalties and interest. 

    2. Value: Owning assets may be a plus for your company in terms of liquidity. Purchasing your MFP(s) also gives you a write-off that could help your company with this year's taxes. 

    Downsides: Purchasing office equipment upfront can affect the scalability of your solution, along with negatively affecting your cash flow in the short term. Once you no longer have use for the equipment you may find it doesn't hold the same value it once did. Also, your trade-in and/or upgrade options may be limited—which can adversely affect you keeping up with technological advances. 

      Deciding whether to lease or purchase your MFP and other office equipment is an important—and personal—decision that must be carefully weighed. Whether your current circumstances dictate that leasing or purchasing is right for you in the long term, be sure to also carefully weigh what type of service contract(s) you'll be needing alongside the MFP. 

      If you've made the decision to purchase or lease equipment in the past, we'd love to hear how it turned out for you—we encourage you to share your experiences with us. 

      Click here to find out how much your business spends on print with our free print assessment

      Print Assessment

      Tags: control print costs, lease multifunction printer, scanner, copier, office equipment, fax machine, Purchase multifunction Printer