Leasing a New Xerox Copier

Are you in the market for a new copier, maybe your lease is coming to the end of its term. You have to make a choice on a new copier in an uncertain market. Do you get something that worked for the past 5 years, or do you consider new items like remote working and working from home as part of the metric you use on a new copier lease.

If you have a C60 with fiery, does the next copier you get need to be as big as the C60 or does it need fiery and should it be $400 to $500 a month, or should you be looking at a C8030 with or without the fiery at half the price? Maybe the C8030 makes more sense in the short run, but in the long run, the C60 makes more sense.

It is a tricky time to be making long term committments. We understand the struggles you may be facing when looking at the short term fear and uncertainty and looking at the long term of when things return to some degree of “normal.”

We know different businesses have different needs, which is why we work hard to build solutions that match each business owners’ personal ambitions. We can do short term or long term contracts. We work with you to have the perfect solution. Maybe that means a rental to hold you over for now? We know solutions could wind up looking like a lot of different things.

If you need a copier and want to discuss your options, we are here to chat!

The post Leasing a New Xerox Copier appeared first on Copier Lease Center.

source https://www.copierleasecenter.com/leasing-a-new-xerox-copier/

How To Choose a Copier Dealer

First off, we are a copier dealer. We are going to slant this article based on our strengths and values. It should go without saying, but I wanted to say it anyway to help get this objection off the table.

So you are looking to lease or purchase a copier. You see all kinds of information online. In fact you get some quotes, then you have 7 copier reps who won’t leave you alone because it is important to get your business for all of the reps.

One rep tells you that Canon is the best, the next says they wouldn’t buy Canon because the interface is hard. Another tells you how great Xerox is, another seems to be super into Ricoh.

So I guess I will say it, in some ways, every copier manufacturer CAN make a good copier. They don’t always do it. But every brand has some solid models that do better than others. Some copiers break more than others. Some are harder to use than others. Some are easier. So when it comes down to it, if a lot of the copiers are in a range of being similar, how do you decide? Price? Reputation?

We believe that a Xerox copier set up correctly will generally outperform other brands also set up correctly in terms of efficiency. However, a Xerox set up poorly will function worse than other brands doing the same tasks if those were set up well.

So you need to think about who you plan to purchase or lease your next copier from.

Here are some items we would suggest you look at before signing a lease with a new copier company.

• No escalations – If you start at a penny and then it is .011 then .012 and by year 5 it is at .015 – it would have been better getting a copier at .012 the whole time.
• Cost to Ship Supplies – At $10 to $20 per shipment, if you are having to pay for your toners, then you are going to pay a lot more over the life of the copier.
• Great Support – When you chat with the team, do they know the products and seem to like what they do?
• Reputation – Have you checked online reviews and the BBB for reviews?
• Coverage Restrictions – What happens if you exceed 20% coverage for color, or 30%?

These are just a few of the items you should consider when looking for a copier leasing company. One who treats you fair in the long run deserves more business. That is how we feel. There is no need to trick people into bad deals because there is enough business in the world to do things correctly.

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source https://www.copierleasecenter.com/how-to-choose-a-copier-dealer/

Copier Leases in a Pandemic

We have chatted with some folks over the past couple of months who have copier leases that are way too expensive normally, and doubly so during a pandemic. What can you do if you have a copier lease that is $600 or $800 or $1400 a month like one that we saw?

First, before we go into the specifics, and this in not legal advice, it is merely industry information, let’s talk about what happens when you decide to lease a copier.

First, the dealer sets the price of the copier. For ease of numbers, let’s say the copier is a $10,000 copier – in the high middle of the road range. Once the dealer has this number, you will see a payment around $200 for 60 months or $300 for 36 months.

The client, you in this case, signs a document. The copier company orders from the manufacturer or distributor the copier you wanted. Let’s say their cost is $9000 on the deal leaving them $1000 in profit. So they order the copier and install the copier. You sign you got what you expected. The copier dealer pays the manufacturer and the the bank (leasing company) pays the dealership the $10,000.

So you are 9 months into your contract and coronavirus hits. You call your dealer because you realize you can’t afford the copier. Now you are expecting the dealer to take the copier and let you off the hook. But they can’t because if they do… they only made $1000 and the buyout at this timeframe will still be about $10,000 (the bank makes money to finance the copier) – so if they do this, they would lose $10,000.

Now that doesn’t work, so you try the bank and find they are as reluctant. Why? At $200 per month for 60 months – they stood to make $2000 over 5 years to finance the deal. So for them, it doesn’t make sense to be lenient because … remember, they paid the dealer the full amount of the copier when you got it.

So – if you get stuck with it you lose $8000. If the copier company takes it back, they lose $10,000 and if the bank says no worries, they lose $9000. Copier leases going bad isn’t good for anyone. This is the rub you are sensing when you call your dealer and the bank.

OK, So What Then?

If it was me, the ideal solution is finding someone who is willing to take over your lease and rather than have $8000 lost, maybe you lose $3000. In order for this to work, both the copier company and the leasing company would have to be OK with it. The copier company if they are doing a supplies and service plan (unless that can be cancelled without penalty) and the bank because they are the ones holding the note on the equipment.

It is hard, no matter how you slice it, and someone always loses big when a lease isn’t completed. So if you can, it is best to complete it.

It also shows the importance of getting the right lease in the first place. This example is something most companies can survive. But what if it is a $30,000 copier (at $600 per month) or a $50,000 copier ($1,000 a month)? This is when it gets exceptionally brutal.

A good conversation and understanding where the players all lose is good when you are trying to make a plan because then you can understand what to offer and what to try as you work with your suppliers rather than against them.

If you need help with a low cost copier lease or to go over your situation, let us know, we are here to help!

The post Copier Leases in a Pandemic appeared first on Copier Lease Center.

source https://www.copierleasecenter.com/copier-leases-in-a-pandemic/