| Most photocopier and office equipment suppliers will | | | | uncertain or unstable financial future. With this change, |
| have recently seen an increased number of | | | | photocopier suppliers have had to make it possible for |
| businesses choosing copier leasing over purchasing. | | | | customers to gain a copier lease agreement and feel |
| Copier leasing is on the increase primarily because | | | | comfortable in the amount time the lease has been |
| businesses are looking for stable solutions in the | | | | taken out for. Copier suppliers, such as Canon Copiers, |
| recession when the economic future is not clear. | | | | have adapted and become more flexible by shortening |
| Leasing copiers and other office equipment is often | | | | some lease agreements so that businesses do not |
| appealing to businesses for several reasons: | | | | have make such a long term commitment. The FLA |
| - Finances can be planned more effectively (paying a | | | | chief recently announced to businesses that leasing |
| fixed amount each month) | | | | could be the way to beat the recession ( declaring that |
| - There is no large cash sum to pay up front | | | | lease contracts offer a chance to manage cash flow |
| - They can keep up to date with all the latest | | | | and deliver stability as lenders cannot cancel the |
| technology | | | | contract. |
| - The device is only paid for for the time it is needed, | | | | It might be that businesses are more likely to choose |
| up until the leasing agreement runs out | | | | to take out a copier lease agreement over purchasing, |
| - Leasing agreements could deliver possible tax | | | | but they have to be approved by a leasing and |
| benefits | | | | finance company. Leasing companies have made it |
| - Often there is an option to purchase the equipment | | | | tougher for businesses to be approved as it has been |
| at the end of the lease | | | | more difficult to guarantee the stability of businesses |
| - Service agreements are often included in the copier | | | | during the recession. However, by offering shorter |
| lease, allowing for technical assistance | | | | term copier leasing and supporting businesses in their |
| Although there are many advantages to copier leasing, | | | | bid to be approved a lease, some photocopier and |
| many businesses have become reluctant to take out | | | | office equipment suppliers have adapted to help make |
| long term lease agreements, mostly due to their | | | | it more likely for businesses to be approved. |
