TOP 5 ASPECTS TO CONSIDER OUT FOR WHEN LEASING A COPIER

TOP 5 ASPECTS TO CONSIDER OUT FOR WHEN LEASING A COPIER

Even though new technology is constantly being introduced into the market, most organizations still use copier machines. So you’ll probably have to make a selection about a copier at some point. In addition, you’ll have to decide whether to lease or buy the equipment at that point. There are numerous advantages to leasing over purchasing. The following are some of the advantages of leasing a copier:

  • Low initial investment
  • Pay a manageable monthly basis fee.
  • Addresses immediate requirements
  • Maintenance is an option.
  • It’s simple to replace and update to a newer model.

Have you weighed the advantages and disadvantages of leasing a copier versus buying and determined that leasing is the best option for you? Now is the time to get ready for a productive chat with your office equipment supplier. Unfortunately, when reviewing your contract, it’s simple to ignore critical details and make a costly error!

DON’T OVERCOMPENSATE FOR A COPIER.

When discussing a leasing agreement with you, copier sales people will frequently refer to your “monthly rate” – or how much you are willing to pay every month.

It’s helpful to remember that copier sales are similar to car sales in that you can haggle on the price. So, instead of talking about monthly payments, think about the cost of the copier as if you were going to buy it. Then, after you’ve agreed on the copier’s purchase price, the salesman can compute your monthly lease payment based on that agreement. You could perhaps save your initial budget this way!

CARE TO READ DETAILS FOR THE AGREEMENT

It’s common to find a service contract included in a copier lease. However, many firms wanting to lease don’t understand that they can choose to exclude service and maintenance from their lease. You get to choose if you want to include service and maintenance as an option for convenience or manage it yourself. Take care! If your lease is tied to a service contract, you will be obligated to pay for it even if you are unhappy with the service.

CHOOSING A COST-EFFECTIVE CONTRACT

You will have a variety of contract lengths to select from when discussing your leasing arrangement. Your copier dealer may suggest longer durations. With a few exceptions, a leased copier should be leased for 36 months. This is due to several factors:

  • In general, signing a longer lease is not more cost-effective than signing a shorter lease.
  • If something goes wrong with your copier during your 4-5-year lease, you’re stuck with it.
  • Copier technology is constantly evolving. A shorter lease makes upgrading more accessible, but a lengthier lease may cause a delay for years.

The easiest way to approach this decision is to inquire about your supplier’s various contract duration options. Then, compare and contrast the cost and convenience differences for the same machine at various lengths.

ALWAYS BE MINDFUL OF EXPIRATION DATE

The loan firms may not be required to tell you when the lease has expired in some cases. However, if you ignore the expiration date and continue to make payments, your lease responsibilities may stretch beyond the initial term! This form of lease is known as an “Evergreen Clause” since it permits the leasing firm to collect additional fees beyond the equipment’s original cost. So take control of your lease and make sure you’re on top of your payments.

CREATE PLANS AHEAD BEFORE YOUR LEASE ENDS

You will have a variety of options when your lease expires. When you sign the contract, it’s unlikely that you’ll consider what you’ll want to do when it expires. However, you can set up your current lease to reflect your post-lease alternatives if you’re aware of them. As a result, you can make your life easier while saving money in the long run.

ARE YOU READY TO MAKE A CHOICE?

Now that you’ve learned how to avoid common leasing blunders and are ready to lease a copier, we can assist you in obtaining the proper lease arrangement for you. We’ll put you in touch with up to five reputable and qualified copier vendors who will provide you with free price quotations and answer any queries you may have. So contact us right away; we’re eager to assist you!

For more Information like this, Contact a Copier Leasing Company near you.