What are my options at copier lease expiry?

You generally have three options when your copier lease contract or agreement is reaching expiry: renew the existing contract, upgrade to a more advanced copier or buy out the equipment. There are pros and cons to each option and the best one for you will largely depend on the needs of your company.



If you are pleased with the service provided and the quality of the product, the obvious option may be to renew the lease. This is even more pertinent if you do not wish to go through the trouble of learning how to use a new copier. However, you also need to consider the opportunity cost that can come with a new lease: will the copier serve your growing needs? Will it leave you tied down with an outdated piece of equipment?



On the other hand, if you are pleased with the service but would like to upgrade to a more advanced model, upgrading makes sense. The biggest concern here would be cost as well as the training involved to use the new model. Some others may consider buying out the copier if it has worked well for them, saving on monthly lease payments. Factors to consider include cost of maintenance and repair services as well as consumables, especially if they were included as a package deal before.