Before you get a new plotter, scanner, or other AEC technology, you must know how much your budget can afford. Our simplified lease payment calculator can help you estimate your monthly payment could be. To use the online calculator, input the principal balance of the equipment acquisition. From there, choose the length of the lease term with the pull-down selection.
Monthly lease payments are made throughout a lease or term rental timeline. These arranged payments are unaffected by changes in interest rates; you can, therefore, accurately plan for lease payments in advance. And as cash flow can be forecasted, the cost of use can be compared with projected revenue and profits generated using the plotter and wide-format scanner.
A zero-down plotter lease preserves and protects your cash flow, making your money available to work for you rather than sinking it into a depreciating asset.
Choose from a variety of lease terms to suit your individual needs. We will quote all options to you to make an informed decision.
If you decide that you want to own the equipment at the end of the plotter lease, you may do so by simply paying the amount specified in terms of the lease.
Fixed monthly payments allow you to forecast budgets accurately.
Leasing can reduce your overall tax bill, as the cost is deductible as a business expense reducing the net cost of leasing the equipment.
This factor will help determine whether to rent or lease rather than buy.
If you lease, you do not have to pay the cost of the plotter immediately, and you may reclaim everything you pay out on a 'by payment' basis - monthly, quarterly, or annually.
It is well accepted that a plotter or wide-format MFP system is not a business asset that appreciates: This type of technology depreciates faster than the vast majority of purchased assets.
So save purchases for assets that either appreciate or depreciate less. Leasing gives more freedom for up-to-date office equipment, important with printers and copiers, to be installed as required, less affected by budget restraints.
Large format printer leasing improves cash flow and creates a hedge against inflation, depreciation, and obsolescence. Importantly, it allows you to take advantage of technology improvement at a time of your choosing and a reasonable cost.
By contrast, a business that owns its office equipment can only upgrade by reinvesting and disposing of the existing asset.
A wide printer lease with TAVCO will include provisions to trade up to a newer model or, when necessary, to one that accommodates the higher volume, speed, and features your business requires at the right time, giving you the freedom to upgrade without buying new.
It makes sense to use the capital for expansion or appreciating business purchases. Leasing for office technology preserves precious resources for these purposes and other business opportunities.
Furthermore, you can preserve your existing bank lines and optimize your use of commercial credit sources.
You can choose the option that makes for the most comfortable leasing arrangement; depending on the equipment or fleet, lease terms generally run between 2 and 5 years.
This gives you immediate access to the equipment you need, the necessary speed, and the right multifunctional technology via payments your business can handle without the large deposit typically associated with outright purchase.
Term rentals have recently gained popularity—these function almost identically to a traditional lease. You can still get the equipment right away, with zero down.
The difference is that you have much more flexible options at the end of the term with a fixed rental, including returning the equipment with no extra fees. When searching for a "plotter rental near me," explore the term rental option.
Let the new equipment provide you with a return ... The reason for a new wide-format system is to increase productivity; with leasing, you are in the position to use the cost-saving and increased production ROI to make periodic payments.
Title to the goods remains with the finance provider, which means the equipment does not show on your company balance sheets and, therefore not applicable to the expected value depreciation over a fixed period.
This gives you the advantage of staying in touch with the latest technology by changing your equipment towards the end of your lease.
Yes. An equipment leasing organization allows businesses to keep up with technological changes as your original installation can be altered either during or at the end of your lease period.
The usual reason for this is due to a customer's business expansion and changing needs.
All sectors of the US economy take advantage of business equipment leasing; it is the most popular choice for small businesses that need new capital equipment.
Leasing helps SMBs, just as large multi-national organizations, keep tighter control on their finances and enjoy the tax efficiency and upgrade opportunities of a lease agreement over purchasing.
Leasing is a contract between a finance company and a customer, giving the customer use of the equipment on rental payments over a period.
When you lease equipment, you make regular (usually monthly) payments instead of a large capital outlay.
The cash flow and tax relief benefits of leasing provide a solid case against cash purchases. If you buy equipment outright, the capital invested becomes, in effect, tied up in a depreciating asset. Plotter leasing, on the other hand, allows you to save resources for other purposes or opportunities.
See other interactive calculators on our online calculator resource page.
To make the right decision for your business, speak to your accountant, who can advise on what is financially best for your company.