When you sign a copier lease you should know what you are getting yourself into. We are used to hearing stories about leases that aren’t exactly what people were signing up for. The worst thing that can happen is to have your copier lease payments rise in the middle of your lease. This can cause a number of problems for your business and your budget. Keeping your copier lease payments low is crucial to keeping your budget in line.
There can be sneaky provisions in your lease that allow companies to do things like raise prices on your lease. You are going to want to pay attention for anything in your lease that suggests that your company can raise prices.
It’s important to note that your copier lease payments may go up over time because of inflation. This is normal and there isn’t much you can do. However, we have seen some crazy things in leases over the years. A small price rise can be expected, but we have seen leases that go up as high as 12% 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
Pay attention to what is being said in your lease. Don’t just shrug off something that looks strange, because it can come back to bite you in ways you may not expect.