Let's See What You Need

1. Do you need COLOR or BLACK AND WHITE?

2. What SIZES OF PAPER do you need to PRINT ON?

3. What TYPE OF DEVICE do you want?

4. What is your AVERAGE MONTHLY PRINT VOLUME?

Black & White
Color

Summary

{{ colorOrMono == 'mono' ? 'Black and White Only' : 'Color / Black and White' }}
{{ paperSize == 'letter_legal' ? 'Letter / Legal' : 'Letter / Legal / 11x17' }}
{{ deviceType == 'copier' ? 'Copy / Print / Scan' : 'Print Only' }}
Black & White: {{ monoPrints }}
Color: {{ colorPrints }}

Number of Months:

Lease Type:

Final Step

Almost Done!

Please fill the form below so we can send you the results

This field is required!
This field is required!
This field is invalid!
Send Me The Results
Or you can always contact us personally

Sales@pahoda.com
(720) 909-8220

Thank You for Your Time!

YOUR QUOTE IS ON THE WAY! PLEASE CHECK YOUR EMAIL.
We will never share your personal information with anyone!

 (888) 884-2113   |   

Copier Lease Rates to APR

A common question when looking to lease a copier SHOULD BE:  “How does this lease rate factor compute as an APR?”  – You may be able to obtain a personal line of credit, but if you are unsure what the comparative interest rate is, it is tough to compare.  The bank will do a capital loan, where the copier company may be doing a FMV lease, so the monthly figures may not be a good way to compare which is REALLY the better lease rate for your company.

Here is a crazy formula on how APR is computed using copier numbers we are all used to seeing –  Online lease calculator

For those who would like to see what that formula looks like…  Here it is –   (Basically this is a time value of money equation involving capital equipment…)

Scenario-2

 

Yes, we realize this formula is a challenge for most of us to do.  You will hear the copier sales rep, who understands this, tell you that a financial calculator is needed.  The equation above is why.

So, the boxes and what they mean.  Loan amount is the initial cost of the copier.  Residual Value is what you pay at the end to keep the copier, assuming that is what you wanted to do.  This generally varies from 7% to 15% of the original amount.  A lower number here makes a lower ultimate interest rate.

Monthly payment is what you were quoted.  If you were simply given a lease rate factor, say .0194 – the monthly payment would be the loan amount times the copier lease rate factor.  In this case, that would be $194.

The calculator provides an interest rate for you so you can compare this rate with line of credit, credit card purchasing, etc.

We hope this helps you in determining the best copier for your needs.  If we can quote you on a copier, we would love to hear from you!  Just fill out our form to get a quote today!