Copier leases are long contracts that demand a lot of your bank account. The initial negotiation is crucial in getting a price that you agree with. You need to make sure that you have a price that will give you all you need without hurting your business financially. At Copier Boston we believe in doing everything we can to get you a great lease rate, and then keep your lease rate low.
The initial price you sign for may not always be the price you continue to pay throughout your lease. What starts as a great price can rise during the following years if you don’t read your lease carefully. There are contracts that have increased pricing throughout the leasing contract. That is why you need to be sure to look over your lease and understand all the parts of it.
What you usually see is that there is a provision that allows a price increase after the first two years. You can expect the occasional rise in price because of inflation, but some of these provisions can get ridiculous. We have seen contracts that allow as much as a 12% increase each year.
- Let’s imagine that your copier leasing representative gave you a great deal on a 10,000 print agreement. They say that you will get 10,000 prints for $100, which is a great price on the market.
- But then your lease begins to rise by 12% after year two.
- By your fifth year of your agreement you are paying $157 for the same 10,000 prints. This is not a good market price
Remember that it’s not enough to get a good lease rate, but also to keep your lease rate low. Don’t let leasing companies take advantage of you. Read your contract and ask questions when you have them. If you don’t, you may wind up losing hundreds of dollars.