5 Fast Facts About Copier Leasing In 2022
In the business world, there are a lot of important decisions to make. One of the most important is what type of copier to lease. With so many different options on the market, it can be difficult to know which one is right for your business. In this article, we will discuss 5 fast facts about copier leasing in 2022. By understanding these facts, you will be able to make an informed decision about which type of copier is best for your needs.
How Much Do You Know About Copier Leasing?
If you’re like most business owners, you know that leasing a copier can be a great way to get the equipment you need without having to make a large upfront investment. But what else do you know about copier leasing? Here are five fast facts that you should know:
1. Your final contract is legally binding.
When you sign a copier lease, you are entering into a legally binding contract. This means that you are responsible for making all of the payments on time and keeping the copier in good working condition. If you default on your payments or damage the copier, you could be sued by the leasing company. Make sure that you understand all of the terms and conditions of your lease before you sign it. Be sure to ask about hidden costs, such as delivery and installation fees, when getting quotes from different companies. In some cases, these fees can add hundreds of dollars to your total cost. Also, find out if there are any restrictions on how you can use the copier. Some leases prohibit you from making copies of certain materials, such as copyrighted material or sensitive documents. If you plan on using the copier for these purposes, be sure to get a lease that allows it.
2. You have the option to buy the copier at the end of the lease.
At the end of your lease, you will have the option to purchase the copier for its fair market value. This is usually a fraction of what you would pay if you bought it new. If you decide not to purchase the copier, you can simply return it to the leasing company and walk away from your contract. Keep in mind that most leases require you to make all payments on time and keep the copier in good working condition to qualify for this option.
3. If you’re leasing a copier, be sure to know where the return location will be.
When you’re ready to return your copier at the end of the lease, be sure to know where the return location will be. In some cases, you may have to pay a fee to have the copier shipped back to the leasing company. Be sure to ask about this when you’re getting quotes from different companies. Also, find out if there are any restrictions on how you can return the copier. Some leases require that you pack it in a certain way or ship it via a specific carrier.
4. You may be required to carry insurance on the copier.
This is typically not a problem as most business insurance policies cover leased equipment. But, it’s something you’ll want to check on before signing the lease agreement. If your policy doesn’t cover leased equipment, you may be able to add a rider for an additional premium. The amount of coverage you’ll need will depend on the value of the copier and your lease agreement. Leasing a copier can provide many benefits for businesses of all sizes. Be sure to do your research and ask plenty of questions before signing on the dotted line
5. When leasing, be wary of lengthy renewal periods.
Most leases are for 36 months, but some companies will try to lock you into a longer lease. Be sure to read the fine print and understand all of the terms and conditions before signing any contract. If you’re not comfortable with a particular clause, be sure to ask the leasing company to remove it or provide an explanation. Don’t be afraid to negotiate.
We hope you found these fast facts about copier leasing helpful before signing your final contract. Leasing a copier can be a great way to get the equipment you need without breaking the bank, but it’s important to understand all of the details involved to make sure you’re getting the best deal possible. If you have any questions or want more information, don’t hesitate to call us today, we would be happy to help.
Are You Looking to Lease a Copier Near Concord, California?
Office Machine Specialists has been leasing, servicing and selling office equipment since 1995. A family-run business that has dedicated our efforts to providing the best equipment options and after-sales service to our clients. Our goal is to ask the right questions and guide our customers to make smart decisions about new machine leases and purchases. We were servicing copiers long before the internet was a viable resource, and have transitioned to the digital workflow environment of color printing, scanning, account control, and fleet management. With over 20 years in the industry, we have extensive experience with many brands and consider OMS to be a valuable resource to any organization. Contact us for all of your copier needs!
