First of all, I have to ask why our OP specifies only Xerox when a pile of competing companies make color ink jet printers that print, copy, scan, and sometimes even standalone fax.
Then I have to ask MedicBob how closely he examined the competition before settling on the 8500. But as I read reviews on the 8500, it may be one of the few economical HP color inkjet printers, in a rather poor HP inkjet lineup that are mostly very uneconomical. But the HP8500 stumbles badly in the one area where inkjets really shine, namely photo printing. And if one does not need photo printing, it somewhat tips the balance to a color or B/W laser.
But if you do need photo printing, its no accident that the photoprinters pick Canon as number one and epson as #2. Not just due to the fact that the color balance is better, but largely due to the fact that a printhead not on a cartridge makes refilling far far easier. Of course the chips on new Canon, HP, and Epsons make refilling artificially difficult, but still there are ways around the chips. And if you can't refill your own cartridges, photo printing gets very expensive very fast because photo printing guzzles ink.
But my advice to anyone buying a printer is define what you need, and then choose on the basis of which printer has to lowest consumable costs to fit your needs. Not an easy item to research because all makers try to hide their true consumable costs.
But as a total fact, inkjet manufacturers don't make their money making printers, they make their money selling replacement OEM cartridges, and if they can suck you into buying a small cartridge that gets depleted quickly, they make more money in the long run. And you can end up paying $10,000 or more a gallon of usable ink when
top quality ink costs no more than $50.00/ gallon for them to make.