Copier Leasing Agreements:
Most businesses have to deal with a copier lease agreement at some point. What I wanted to do in this page was to take a Lease Agreement we have acquired through an internet search and go over what things mean withing and actual lease agreement.
In an effort to help those looking at leasing a copier, we have a video that was put together to help your business know what to look for when looking at a copier lease agreement.
Here are some common things you should look at when evaluating a copier lease. How to avoid a bad copier lease –
- What type of lease is it? Is it a $1 Out or a FMV Lease? Either work well in different circumstances. It is good to know the difference between a $1 Out and a FMV Copier Lease.
- Is there an escalation clause year to year or for copies or if a certain coverage limit is surpassed?
- Do you have to inform the leasing company of an intent to return 30 days prior? 60 Days prior?
- What happens if the copier is damaged? What is the responsibility of the leasing company