Archive for September, 2011

   Flexible end-of-term options

Friday, September 16th, 2011

Leasing a printer is a business investment. In order to receive the full benefits of your investment when making the decision to lease a print/copy machine, it is important to find a leasing company that can be relied upon to respond to your needs, is cooperative and easy to work with, and offers flexible leasing options.

At the end of a lease term, there are generally three end-of-lease options to choose from. You’ll be able to return the printing equipment, renew your lease, or purchase the equipment you’ve been using. Flexible vendors may also offer a thirty day lease option to give you time to go over your choices so you can make a well-informed decision that best suits your business.

In addition to flexible end-of-lease terms, a trusted leasing company will offer to wipe data off the machine’s hard drive, thereby preserving your business’s privacy. A knowledgeable and cooperative leasing vendor will also go over such options at the beginning and end of the leasing term.

Since leasing a print/copy machine is a business investment, leasing decision-makers should read and discuss the leasing agreement in detail with the leasing vendor. This will help the decision-makers to understand important items in the leasing agreement.

For example, an important end-of-lease term might state that, if not notified of the leaser’s intentions in a predetermined amount of time, the equipment lease will be renewed by default. Additionally, lease agreements that use subjective criteria to determine the equipment’s fair-market value should be avoided, particularly if the leaser is interested in purchasing the equipment at the end of the lease term. Finally, lease terms longer than the intended use of the equipment should not be made; this will afford flexibility as well as help prevent leasing contingencies.

A fair and trustworthy leasing vendor is up-front about such items on the leasing term, and notifies you of an approaching end-of-lease period. This allows you an opportunity go over the options you have, so you can make the best business decision for your organization.