3 Common Copier Leasing Mistakes to Avoid!

When leasing a copier it can be great to just get a quote and get along with your busy schedule. The problem is by not taking a few moments to evaluate the quality of the offer, then you ultimately may cost yourself thousands of extra dollars with a lease that isn’t quite right for you. Today I would like to cover, not the most common mistakes, but the most expensive mistakes people make when leasing a copier.

Mistake #1 – Leasing a Copier that is Wrong for Your Company

Many businesses lease copiers that are $6000 to $10000 when a $1000 copier would have worked well. The most common mistake is to get a copier that does 11 X 17 when you only need letter / legal sized paper.

Mistake #2 – Auto Renewing Lease Contracts

When you have your copier and it is working well, you may forget the end of your lease term is upon you. If you forget and miss the window of when you have to notify your current provider, many will auto-renew for another year, not just month to month.

Mistake #3 – Base Costs that Increase Over Time

One common mistake people make that gets really expensive is to see a low initial cost of say, 5 cents a color page, but then not notice there is a supplies and escalation fee that applies each year, we have seen as high as 15% – By the 5th year that 5 cents a page is closer to 10 cents a page. The company that offered 6 cents a page without an increase loses the deal, but was in fact thousands cheaper.

We love helping people with their copier leases. If you are looking to lease a copier, we would love to help you out!

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source https://www.copierleasecenter.com/3-common-copier-leasing-mistakes-to-avoid/

What Kind Of Copier Lease Should I Get?

When choosing a copier, it is important to know what kind of lease makes sense for your company.  Here are some of the options you can choose from.

• 36 Month FMV
• 36 Month $1 Out
• 48 Month FMV
• 48 Month $1 Out
• 60 Month FMV
• 60 Month $1 Out

Of course there are other lengths of time, but those are the most common copier leases.  Now, that is 6 different options, how do you know what to pick?

First, you’ll need to know your budget and how you want your costs to be.  Do you prefer costs to be higher and contract to be shorter, or do you prefer a longer contract with lower monthly price?  The main decisions here are financial and how you buy.  Do you buy and use things forever, or do you like scheduled replacements.  If you like scheduled replacements, FMV leases are logical.  The reason is because when the lease comes up, then it is time to replace the copier.  If you prefer to use until the copier is “done,” then you would do better with a $1 Out lease.  The more you want to keep using the copier until it dies, the more you want a $1 Out Lease.  The more you want to make sure staff isn’t messing with repairs on an old copier, then a FMV makes more sense (though you could still do a $1 Out and then have that copier as a backup down the road.)

Shorter copier leases have higher monthly costs.  Longer copier leases have lower monthly costs.

We love to help people looking for copier leases and would be happy to help your company find the perfect copier!

The post What Kind Of Copier Lease Should I Get? appeared first on Copier Lease Center.

source https://www.copierleasecenter.com/what-kind-of-copier-lease-should-i-get/