Printers are an indispensable part of any organisation. But people do tend to ignore these devices. As soon as these devices malfunction, the entire office realises how badly they rely on these machines. However, copiers are also there. These devices are cost-effective and are available on lease to. But you need to be careful while hiring a copier leasing company. If you are planning to use copier machine on rent, then you need to have a look at the below-given points:
Assessment of Requirements
First of all, you need to check the requirements at your office. Also, take into consideration the number of employees who use the copier machine. You should also focus on factors like your business size and expected growth. After the establishment of your necessities, you need to check the brand reviews and user recommendations. Look for multiple leasing quotes so that you can crack the best deal while bringing in copier machine on rent.
Capital Lease
Capital lease is not very common. But it comes with its own share of advantages. It is a type of a loan, in which the principal and interest will go towards the copier cost. This type of lease helps you to put your copier on your balance sheet. Make sure that the final buyout price finds a place in the contract. If you do not have enough capital to buy copiers outright, this lease is perfect for you.
Operating Lease
This type of lease is quite common while looking for copier machine on rent. You can simply rent the copier machines and buy them out when the lease expires. This is helpful as it provides the facility of low monthly payments. You cannot add the asset to your balance sheet because you are using it on rent.
Contract Terms
Never take contracts lightly. You will be able to determine the interest, depreciation and monthly payments based on term length. Generally, lease terms have a period of 3 to 5 years. It is possible to negotiate the terms of the agreement. You will have an expensive service agreement if your copier machine handles higher production.
Transparency and Clarification
There should be utmost transparency between you and the copier leasing company. You need to go through all the terms and conditions thoroughly. You should be aware of any type of hidden charges, damage coverage and so on.
Next time you plan to bring in copier machine on rent, keep these things in mind to make a profitable deal.
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