We will come to your office to get exact meter readings and find out exactly what your monthly/yearly volume is or what it may be projected. With this magic number, we will be able to provide you with the best lease choice available for you. You will never get a more honest solution to your copier needs than you will receive from us. At Long Island Copier Sales, our customers come first, always with the customer in mind, we pledge to sell you the best fit MFP lease that fits your business needs and your budget.
The most common is an FMV lease, after the lease ends, the machine goes back to the leasing company.
There is also the dollar buyout lease, and with this type of lease, your monthly payment is a little more but at the end of the lease, you own the machine for a dollar.
You can lease a machine for 2 -years (24 months), 3 -years (36 months), 39 months, 4- years (48 months lease), 5- years (60 months lease), and 63 months lease.
The longer you lease the equipment, the less the lease rate.
60 days prior to the lease end, it is the lessee's responsibility to contact the leasing company and let them know what your intent is. You should be in control of this, not your salesperson. Your salesperson should advise you that your lease is coming due.
The customer is responsible for getting the machine back to the leasing company, and there is typically a charge of $250.00-$350.00 for this. If you are releasing with the same or another copier company, they should take care of this for you at no cost.
When you receive a lease quote, it does not include local sales tax.
You should also expect to pay a one-time document processing fee of $75.00-$95.00 charged by the leasing company.
Some leasing companies charge interim rent, the time you have possession of the machine before their billing period starts
The short answer is NO!
Does this mean that there is no way to get out of it? You can get out of the copier lease but you will pay dearly for this. It is not just paying your remaining months off, you will be charged an early termination fee on top of some other fees, which will be very, very expensive to get out of. Leasing is great and we highly suggest leasing but please make sure you will be seeing this through until the end.
We do blogs to help customers decide about leasing and here is just one we did recently
Is your copier salesperson pitching anything more than a 3-year copier lease? You need to read this
A 63- month copier lease?
Today I went out on a machine proposal at a church in Long Island and could not believe what I saw.
The copier dealer they’re using is trying to lock them up for 63 months!
Talk about a snake-oil salesman, 63 -months!
Why on earth would anyone want to do this? Customers are just signing leases and not thinking.
I have been writing blogs for over 20 years on how to avoid being a trap to the snake-oil salesman, and I can not believe it is still occurring today.
Folks, when you are leasing a new copy machine, never do a lease for more than 3- years, and here are some great reasons not to.
*Technology is constantly changing, and copy machines are improving with better, more advanced features.
*Security levels are also changing in copy machines, like strict scanning protocols when documents are scanned to email or scanned to SMB using corporate servers.
*What happens if you do not like your current copy machine?
*What if you want something bigger or downsize into something smaller?
*Do you realize that the first three years are the best performance out of a copy machine?
When it comes to today s copy machines, after 3-years is when performance and efficiency in any copy machine start to reduce, and scheduled PM services are required and in return, more downtime for your office.
*What happens if the dealer goes out of business or their service is terrible?
*What happens if you are not happy with the leasing company and want to switch?
The answer to all of these questions is nothing. The lessee cannot do a thing until the lease ends.
Is it clear now why a three-year copy machine lease is to the customer's advantage?
In the end, the copy machine salesperson is selling you the monthly payment and the lower the monthly payment, the better their proposal looks, but it is all on the back end of the copier lease, it looks good upfront but you are paying for it in the “rear”, the snake-oil salesperson knows that by the 4th year of a five year lease, 80% of the customers are begging them to get out of it and will be paying greatly for this.
Also a note in leasing contracts:
The dealer has a right to increase your monthly lease payment by 10-15%! each year, It's in B&W, take a look at your current lease, many large dealers will do this. So what you are paying the first year, will not be what you pay the 4th or 5th year.
If your copier salesperson hands you a five-year copy lease, send him/her packing and out the door.
If you speak with our sales, we will put you into the perfect lease with the best choice in copiers for your office.