If you are looking to lease a copier, knowing what the lease rates are for businesses with better than average credit is good to know as a slight differential in the lease rate factor can add up quickly. For example, if your current leasing company is offering a lease rate factor of .023 for a 5 year FMV lease, it is good to know other leasing companies are offering lease rates at .0194 – Why? Because on a $10,000 copier that works out to be $29 a month for 5 years. Approx $1800 difference.
Fair Market Value means that you return the copier at the end of the term. $1 Purchase Option means that you own the copier for $1 at the end of the lease term. The uncommon one is the 10% Guarantee Lease – This means that the customer can buy the copier at the end of the contract, after all scheduled payments have been made, for 10% of the original purchase price. This type of Lease is intended for when your business thinks the copier will be worth more than 10% of the original value – you actually want to keep it – and you require lower payments right now.
That being said, here are the current copier lease rates: (Multiply Lease Factor by Equipment Costs to get monthly payment. If you have been given a monthly payment and are trying to figure out initial costs, this chart can help too. You’d divide the payment by the lease rate factor to get the Equipment Costs.