Fort Collins, are you getting copier lease renewals?
Copier lease renewals are quite common in the copier world. We, however, do not recommend them. There are a few reasons why.
- Nothing is free. The lending institution that originally financed the lease on the copier wants to get its money one way or another. By signing a lease renewal you aren’t going to “be forgiven” they will just work the outstanding balance into your next lease.
- A copier should last the full length of a lease, if not then it was a poor quality machine to begin with. Do you really want to lock in with the same company that sold you the sub-par machine in the first place?
- These are often arranged when the leaser of the machine is in a tight spot. They therefore fail to see that there are other options. Look at what you have available and balance it against the lease renewal before you decide.