If you’re looking for a copier lease in New York, it’s important to understand a little bit about lease rates, particularly for companies that have a better credit rating. That’s because with better credit, even a difference that looks negligible will add up over time. A difference as small as .0036 can save a business nearly $2,000 over the course of a lease period when they’re leasing a copier that costs $10,000.
There are other important terms to understand while you’re comparing copier leases in New York. One of these is the $1 purchase option, which means that when your lease term is over, you buy the copier for $1 and become the owner. The terminology of Fair Market Value simply indicates that the copier must be given back at the end of your lease.
One more important thing to understand is the 10 percent guarantee, which only happens occasionally. This signifies that when the lease is over and the required installments are completed, the purchaser is allowed to obtain the copier for 10 percent of its original cost. Understanding these terms will help you choose the copier lease in New York that’s best for your business.