graphic savings group blog

Outsourcing of Equipment Leasing

If you want to offer your customers equipment leasing today, you don't necessarily need to be the one selling them on the lease and handling all of the questions related to the interest rate and expenses associated with leasing equipment.

Your customers can apply for leasing on the Internet, by phone, or fax. They can apply with a preferred vendor established by you to offer them a 'preferred rate on equipment leasing.' A lot of equipment lessors can even create private label leasing documents which have the name and logo of your company.

You just have to decide what level of interraction you want an equipment lessor to have with your customer and vice versa. If you need advice on offering equipment leasing, please consider talking to the Graphic Savings Group. 

Cost Per Copy Lease

A cost per copy program can be structured exactly like a copier lease, or it can be more informal, working like a month-to-month rental.

Cost per copy programs, otherwise known as cost per print, are available for machines of all sizes. While there isn't a cost per copy program yet for the Xerox iGen3, there are cost per print options on the Xerox 2060 and Xerox DocuColor 12.

The key to determining whether a cost per copy lease is right for you is based on your expected output. If you're looking for a low-cost, supplies-inclusive contract, a cost per copy deal might be the right option. Often the cost of service and supplies are fixed as part of your cost per print arrangement; however, be sure and ask as you don't want to be stuck with a huge bill for toner or parts. You should also ask if there is a base charge for service or. Another question to consider is what happens to the machine at the end of the deal. Do you take ownership of the digital copier? Does it revert back to the vendor?

In the right situation, a cost per print program can be a low cost alternative to owning or leasing a digital copier. If you're considering cost per copy options, please consider talking to the Graphic Savings Group.

To Guarantor or Not To Guarantor

The question of whether to have a guarantor on an equipment lease or not is often the question for startup businesses. If you're asking yourself, should I have a guarantor on my copier lease, then read on...

Anything you can do to bolster your lease application, you should strongly consider. If you have a low credit score or are a new business, a guarantor can get your copier lease application approved. In addition, you may be able to secure a better interest rate on your equipment lease. Better lease terms mean the potential for more profit and flexibility that you might not have had if you hadn't considered a guarantor.

If you're in the position where someone from your board of directors or a private investor is willing to be a guarantor, you should always consider the option. Often, it is worth talking to an equipment lessor and explaining that a guarantor is a possibility because it may make them more comfortable with working with a startup business on an equipment lease. There's also no stigma attached to businesses that have guarantors, in fact, many leasing companies prefer it.

If you need more information on guarantors or equipment lease, please consider contacting the Graphic Savings Group.