Saving money on a new copier lease can be a struggle. Not everyone knows what a good price looks like, or what a fair copier lease entails. A lot of copier leasing companies like to try and trick their customers into spending too much. We are generally against spending more than you need to at Pittsburgh Copier, but there are times that it actually useful. If you understand copier lease rates then you could actually save money in the long run by spending a little more up front.
Copier lease rates are determined on a step process, not adjusted gradually. What we mean is that there are payment price breaks after you spend a certain amount of money. They essentially give you a break on the payments because the machine you are buying is actually more expensive.
For example, you want a 48-month lease on a copier that will cost you $3001. The bank will decide the Fair Market Value lease rate and say you need to pay $74 per month.
If you were buying the same copier for $2999 then the bank would actually say that your Fair Market Value lease rate would be $91.
Just to help show it differently.
$3001 Lease = $74 per month
$2009 Lease = $91 per month
That’s a difference of $17 per month.
$17 x 48 months = $816 over the course of your lease.
The $2 difference can save you a lot of money over the course of your lease. Ask your copier leasing company about your copier’s lease rates. If you are close to a price break then it might actually be beneficial to spend a bit more.