Copier Leasing Tip: Terminating your Lease
You are at the end of your lease and you are already looking at the newest models of copiers. You are excited to get the newest technology in your office when suddenly you notice something terrible. You see that you are being charged for an additional three months on your copier’s lease. But your lease was supposed to end this month? What happened?
Many leasing companies include a provision in their leases that allows them to activate automatic rollover. This is the ability for your leasing company to continue your lease unless you state otherwise. They can rollover your lease to the next month and there’s basically nothing you can do about it.
This can be one of the most irritating things about the end of copier leases. Ending the lease should be easy, but many companies use tricks to squeeze out a bit more money. Terminating your lease is easy, as long as you keep track of what you need to do.
- Find out if you have automatic rollover in your lease.
- Establish when you need to terminate your lease. This is usually between 45-90 days before the lease ends.
- Mark the earliest possible date on your calendar
- Write a letter or email confirming that you are terminating the lease at the specified date.
If you follow these steps and are responsible then you should not have much of an issue. It’s just important to consider that you will be taken advantage of if you are not on top of your lease.
To stop dealing with crummy leasing companies, switch to Minneapolis Copier. We deal with fair copier leases and are the trusted experts in the copier industry.