Don’t Let your Payments Rise
There is a really horrible experience you can have when leasing a copier. You might sign a lease that you love and the price is great. You go for a few years without any trouble, but suddenly you see your monthly payment rises. Then it happens the next year too. This is not an uncommon situation for people who are new to signing leases. What they are experiencing is a classic example of what can happen when you work with a shady salesperson.
What happened in the example above is that someone signed a contract that had the ability to raise your prices. You may wonder why anyone would sign that, but it happens more than you may think. People don’t read their leases closely enough and put themselves in bad situations.
It can always be expected that your lease may rise with inflation. However, we have seen some pretty ridiculous things over the years.
- 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
Don’t let this happen to you. Read through your lease and make sure you understand what you are agreeing to. Doing some research early on is the best way to protect yourself from a costly mistake later.