Before you sign the dotted line, ask for a break down on the numbers of your copier and copier lease. You should know exactly what you are paying and at what rate. Often, a manufacturer might knock down the price of a digital press because the interest you'll be paying on the attached lease will bring in significantly more money. Always ask for the following when negotiating a lease.
What is the Interest Rate?
How much are your paying for your copier and how much are you paying in interest? Ultimately, a lease only makes sense if the costs are appropriate for the equipment you are getting.
What's the Buyout Option?
You should know exactly what happens to your machine at the end of the lease. Many leases will return the equipment to a dealer or manufacturer by default unless you know to ask about buyout options. Decide if you'll want the equipment at the end of your lease terms and what you would be willing to pay for it. Then, negotiate accordingly.
Length and Exact Terms of the Lease
Exactly how long is your lease and what is your payment schedule. Get a breakdown in writing, and find what the penalties are for defaulting or missing a payment to prepare for the worst case scenario.
Consider alternatives
A dealer or manufacturer may not be able to offer you the best rate, in fact, it's likely in their interest to offer you a higher rate. That's why you should always get a competitve quote. You might be suprised at how much more you would have paid for equipment and how much you can save.
When looking at leasing a copier, consider Graphic Savings Group as one of your options.
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