You’ve found the copier that you want for your business and now it’s time to settle on a lease rate. This is an area that people don’t know much about, but can save you a lot of money.
For example, let’s say that you wanted to begin a 48-month lease for a small copier at a cost of $3001. The bank will charge you a Fair Market Value lease rate of $74 per month and you will have to return the copier at the end of your lease.
If you were buying the same copier for $2999, then your Fair Market Value would actually rise to $91 per month. That may seem like a big difference in market value based on only a $2 in price. That’s because lease rates are done by steps, not gradually.
Just to help show it differently.
$3001 Lease = $74 per month
$2009 Lease = $91 per month
That’s a difference of $17 per month.
$17 x 48 months = $816 over the course of your lease.
This step approach to lease rates makes a huge difference when paying monthly payments. When you buy a more expensive product, they are more likely to help you get a better rate. The smartest thing to do is ask your leasing company about these lease rates and see if you’re close to crossing into a better rate. If you are close then you should use it to your advantage and try to get to that threshold and cut your monthly payments down.
If you want to get the best lease rates in Boston then don’t hesitate to call us at Copier Boston. We put customer service first and dedicated to getting you the best lease possible.