What's the Cost of Leasing a Copier?
Leasing copiers, one of the first things that you should know is how much the lease will cost. Without understanding the costs, it can be harder to make your lease more profitable. Some of the factors that will add a higher pricing to the lease include whether the copier prints in color or black and white, how fast it prints and how much paper you will need for loading it up. If you require additional paper trays, this can cost you extra for your lease.
You also have to look at the leasing term. A lease term will range from 36 months to 60 months, and it can range from three to five years. The most typical term that you will find is 48 months, and similar to car loans, the length of the lease will determine its value. Unless you go with the one-dollar buyout lease, you will not own your copier after the lease has ended. In most cases, you will have to return it to the leasing company. You can, however, choose to buy it for what the leasing company deems the fair-market value. For the majority of situations, you will be better off leasing another copier over buying after the term has ended.
Many times when you send the copier back, the shipping will be at your own expense. Considering this can cost upwards of $800, you want to acquaint yourself with the terms of your leasing agreement. While the payment will drop for a longer leasing term, the fees and interest rates will also rise and a shorter lease has a higher payment, but there are fewer fees.