What Length of Time is Good for a Copier Lease?

If you are thinking of leasing a copier, the standard lease term is a 60 month FMV (Fair Market Value) lease. Did you know there were other options?

Leases come in different durations, including:

  • Short Term Rentals
  • 12 Months
  • 24 Months
  • 36 Months
  • 39 Months (feels like 36, but a bit cheaper)
  • 48 Months
  • 60 Months
  • 63 Months (Feels like 60 but a bit cheaper)

Then there are at least 2 types of leases:

FMV – Fair Market Value – Meaning the bank establishes what they feel the asset is worth and give you an option at the end of the lease to pay that amount to own it outright, or you can return it. Keep in mind, the bank prefers another contract, so the pricing is generally very high with this offer. Most people will simply lease another copier.

$1 Out – This is an option where you pay a bit more each month, and then at the end, rather than getting an outrageous amount – you pay $1 and own it. The problem is the monthly payment may be 10% higher or more, so if you are trying to keep monthly expenses, in the short term at a minimum, then this isn’t the way to accomplish that goal.

If you are looking for a Xerox copier to lease in Milwaukee, we would love to help your company. We excel in helping you get it right for your business.