Office equipment is a business investment, therefore I understand why office equipment depreciation is a concern for a lot of people. Truth be told office equipment, such as multifunction copiers, tend to depreciate quickly in terms of resale value, but not so in terms of usability.
Office equipment depreciation is not nearly as bad as it is with other electronics like computers — but it also doesn’t depreciate like cars which can keep their value for years. That’s one reason why you can purchase a gently used machine for less than half of what it costs new.
Office equipment depreciation is a good thing for consumers. For example, at Dean Office Solutions we have quite a few reconditioned off-lease machines that are generally 2 to 3 years old that consumers can buy for 40% of what they are sold for new.
Whether you’re talking about color or black and white, office equipment depreciation affects all machines. At the end of three years of owning a machine, the value isn’t anywhere near what it was when it was new.
You can get machines that are coming off lease for a bargain. At Dean Office Solutions we only purchase machines to sell to our customers that do not have many copies on them. Any heavily used machines we get back at the end of a lease are sent back to leasing company, we purchase only machines that have low copy counts.
Should You Be Concerned About Office Equipment Depreciation?
Office equipment depreciation is only a concern if you plan to resell your machine. If you actually plan to use your machine for many years to come, you don’t have anything to worry about.
That’s because office equipment depreciation is not like computer depreciation. After a few years computers become obsolete and you need to upgrade them because your computer can no longer keep up with your workflow.
When it comes to computers, the industry keeps improving on these machines. New features are added, new software comes out that requires more power to run it, and so on.
When it comes to office equipment, if you buy a machine that does everything at the time, then after 2 or 3 years it will still be able to do everything. Innovation in office equipment is not like it is in other electronics.
Most of these machines we sell are not very old, but we still recommend to our customers to check to see if a machine is compatible with your computer system. Typically, if a machine is less than 5 years old it’s still compatible with everything out there.
When purchasing an off-lease machine there are a few things you need to worry about such as how much the machine has been used, whether or not it has been maintained, and what type of environment it has been used in.
All of the machines at Dean Office Solutions are maintained for the the full life of the machine. In addition, you can see exactly how many copies are on it.
So if you’re worried about office equipment depreciation because you want assurance you’ll be able to get many years of use out of it, I would say not to worry at all. After a few years, your machine will still be able to do everything you need it to do.
If you have any questions after reading this blog article, please leave a comment below or get in touch with me directly.