Lease to buy or rent to buy is one of the worst investment plans you can make to purchase ANYTHING. You'll pay those lease or rental payments and then when it comes time to buy (lease) you'll still pay 2/3 of or more of original MSRP AFTER you've made lease payments that could have purchased the item in the first place. And rental... don't get me started.
Bottom line equivalent interest rates in both methods is through the roof.
Break out a credit card, buy the the thing, and be done with it. Then make 2X the minimum or 3X if you can afford it, until it's paid off. You'll still be better off than lease/rent to own.
I agree with Brice. If you have a cc use it, and pay things off asap. Do a little resaerch to find out exactly what you will be doing with you cutter i.e, names/numbers, or difficult fine multi-color designs. The Roland GX-24 is a great cutter, but again,,,do a little scouting and you will be happy with your purchase. Dont "cut" yourself short and buy a really inexpensive unit. They tend to have cheaper software and don't work smoothly, nevermind the lack of tech support.
If you don't have the credit for a CC, you won't be able to get a lease. Leasing has it's plus's. You can walk away from it any time you want and you only loose the money spent. Many large corps. use leasing. The general rule of thumb in business is "never use your own money". Yes it costs more in interest but you have to weigh all sides.
Thing is, ideally we want a printer/cutter - VP-300, we don't have a wide format cutter atm and do everything on the CraftRobo. This has been fine as we only started a few months back but business in increasing and with it comes volume. The problem now is we are spending more production time and material using the CR - so we really should get a proper cutter - thinking GX-24.
We are surrounded by printers, who are friends, who also don't do the things we do. Now in terms of trade work we can get a lot but it's for print and cut work like full colour banner, signage and stickers.
If we spend £1300 on a cutter that's effectively money we can put towards a printer cutter spent.
If we lease for 6 months its costing £420, we save £880 + we have the oppertunity to start doing bigger and better paid jobs, i'm fairly certain that within the 6 months we can get together the 13k for the VP.
And also, we don't want to end up with 2 machines, we have to consider space (its very limited). Even if we sell the GX, depreciation value will end up being same as if we leased.
That's a benefit of leasing... no depreciation of equipment.
I would just purchase the GX24 and it will pay for itself in a short amount of time. If you have a company that you can print the digital work for you now, I would do that first. Add to the amount they are charging you for the digital prints. Take a portion of that money and put it aside for the purchase of your digital unit. This will do two things, show you how much work you have for a digital unit and help you raise money to pay for it when the time comes. Also you need to consider your space. You say you are limited. If you start printing banners in-house you will need the space to let them dry for 24 to 48 hours before they are rolled up and given to the Customer. Better at this point to have someone else do that for you if you can.
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