Saving money on your copier lease is crucial to work for. If you sign the first lease that is offered to you then you will probably end up paying more than you should. Many leasing agents do not see themselves as being on your side, and don’t always have your best interests in mind. This is why you are going to want to know as many money saving tricks as you can to protect yourself; and, understanding copier lease rates is one of the best money saving tricks.
What you need to know is that copier lease rates are decided on as stair scale. What I mean by this is that you can get breaks on monthly payments, but you need to spend more for these price breaks. These price breaks are decided on certain price thresholds, and are not adjusted on a 1-to-1 basis.
For example, you want a 48-month lease on a copier that will cost you $3001. The bank will decide the Fair Market Value lease rate and say you need to pay $74 per month.
If you were buying the same copier for $2999 then the bank would actually say that your Fair Market Value lease rate would be $91.
Just to help show it differently.
$3001 Lease = $74 per month
$2009 Lease = $91 per month
That’s a difference of $17 per month.
$17 x 48 months = $816 over the course of your lease.
Suddenly spending the $2 extra dollars can be extremely beneficial in the long term. Talk with you copier leasing company about possible price breaks on your copier lease. If you are close to a cheaper lease payment then it actually may be smarter to spend a bit more money in the beginning.