What to Consider Before Leasing an Office Copier?

by Jill D. Welcome to Doused In Pink!

If you have decided to consider renting a copy machine because of its advantages. Then there are a few things that you should consider before leasing an office copier. The first thing you should always remember is to search for reputed and good quality tabletop copier.

Things to Consider While Leasing Office Copier

1. What Are the Terms of The Lease –

Before renting anything there are terms and conditions for every company. So, the first thing you should do is read the terms and conditions properly before signing a deal with the company. Generally, copier leases run from 3 to 5 years of the contract. The interest rate and impact of payment are also included in the contract.

So be aware of what kind of payment they are asking for and what kind of interest rate they are providing you with. It is necessary to make a logical decision before renting your copier machine.

2. What Is Your Upgrading Option –

Make sure to look out for the upgrading option in your contract whether you can upgrade your equipment or not. Upgrading is necessary because, after a certain amount of time, the copier machine would start to malfunction. The cost of repairing or servicing is very costly if they are not included in your contract.

If you keep on upgrading your machine from time to time, then you will be able to save yourself from repairing and maintenance cost regularly. It can make your budget-friendly, and you do not have to provide extra costs to the rental company.

3. Does the List Include a Buyout –

In case you want to own the copier for your business then make sure to check whether your contract includes a buyout or not. There are often 2 main types of leases.

· Fair Market Value Lease FMV:

Fair market value lease is one of the most common because they offer their client the lowest rate of interest while renting the machine. In this kind of lease, you can have the buyout option at the end of your contract if you are interested in keeping the copier for your business.

· $1 Out:

This option is the best opportunity for you to purchase the copy machine at the end duration of your lease within $1. This contract cost more because of higher interest rates associated with a $1 lease.

Conclusion

The above things are mandatory for a person to know before leasing a copier machine. Small business owners should always rely on renting machines rather than buying them because it can save them a lot of money. It provides you an opportunity to use that money later for your upcoming projects.