A wide format printer can cost a lot of money upfront. If a wide format printer is essential to your business operations, you will need to find a way to acquire one. When it comes to getting a wide format printer, you have two options.
There are pros and cons to both options. Whether you should lease or purchase will depend on your needs and financial situation.
Some things you should consider:
Purchasing a Wide Format Printer
There are benefits to purchasing a wide format printer outright. If you have enough capital, you can make a cash purchase. If you prefer to purchase but do not have the funds, you can finance. Here are the pros and cons of each option:
Purchasing a Wide Format Printer with Cash
Purchasing a Wide Format Printer with Financing
Leasing a Wide Format Printer
When you cannot afford to purchase a wide format printer, leasing is an excellent alternative. Even if you can afford to purchase a printer, you may find that you prefer to lease due to the benefits of leasing. A lease spans a fixed period of time and is binding. You cannot cancel the lease without a penalty, but there are still advantages you might find appealing.
Should I lease or purchase?
Now that you know the pros and cons of both options, how do you know which one works best for your business? Below is a simple chart to help guide you in your decision process.
In summary: If you have the money and do not plan to regularly upgrade your equipment, go ahead and make the purchase. Keep in mind that inkjet printers last 3 to 4 years and toner printers last 5 to 10 years. You can always sell the printer at a later date and recapture some of the investment.
If you do not have the funds for the upfront cost of a printer or if you want to be able to regularly upgrade to a newer model, then leasing is the way to go.
Ready to make a decision?
If you would like to learn more about wide format printers, please read the Wide Format Printer Buyer’s Guide. If you are ready to get price quotes, please fill out our form. We will put you in touch with up to 5 reputable wide format suppliers who can give you free price quotes.