If you are thinking of signing a new copier lease then you are going to want to make sure that you understand what you are getting yourself involved in. Leases can be more complicated than you might imagine, and you are locked in with them for years. This is why you should take the extra time to make sure you understand your lease. A big part of this understanding comes from knowing how to keep your copier lease payments low.
The worst thing is trying to plan for the future of your business when you suddenly get thrown a curveball on your payments. We have seen this happen to a number of people along the way. They think that they are paying a consistent price for their lease when suddenly their payments go up. What happened?
Well, you might have a provision in your lease that allows your copier lease company to raise your rates. They may say that this is just so they can if they need to, but if this is in your lease then you can expect them to raise prices.
- Let’s imagine that your copier leasing representative gave you a great deal on a 10,000 print agreement. They say that you will get 10,000 prints for $100, which is a great price on the market.
- But then your lease begins to rise by 12% after year two.
- By your fifth year of your agreement you are paying $157 for the same 10,000 prints. This is not a good market price
This is what could happen to you if you are not careful. Take the time to look through your lease and do your research to make sure you are keeping your copier lease payments low. A little research now can save you hundreds later.