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You need to be familiar with the terms of COPIER LEASING

You may not be familiar with the terms and conditions of leasing a copier if you have never done so before. It is important to fully understand the terms before you lease a copier. This will allow you to communicate easily with the dealer.

Lessor: A copier lease company charges you interest when you finance it through money lending institutions such as banks.

Lease term: This refers to the period you and the leasing company for the copier agree to use and pay. It typically lasts between three and five years.

Payments: These are the payments you make to purchase the copier. This is often calculated by taking the copier's value and multiplying it by the number of payments, plus the interest.

Rebates: When a person pays too much for something (in this case, a lease), they are partially reimbursed. This service is offered by some Copier lease Houston to compete with others.

Fair market value: Copier companies often decide to buy the copier after a short-term lease ends. This is because the copier is still reliable. The copier's original market price is usually 25%-30% of the purchase price. The bank determines it.

Warranty: The guarantee that the machine will be repaired/replaced if it fails to work within a certain time period. This is typically in the contract with your copier dealer and not in your agreement with your financial institution.

When you plan to return the copier, you must send a letter of intent (or a letter) to your financial institution. If you do not have this, the copier will be automatically renewed for one year.

Insurance surcharge: Copier leasers may require that the leased copier be insured. If your office insurance does not cover it, additional charges will be imposed.

$1 Buyout Option: Leasers of copier machines may offer the possibility to purchase the machine at $1 at the end. Although this may sound appealing, it can be costly when you consider the monthly payments. You may decide that you don't want the copier any longer, so it is advantageous to have the option to buy it at the end.

Once you are familiar with the meaning of these words, you will be able to conduct interviews while looking for a copier lease company. You will also be able to fully comprehend the agreement before you sign it.

Advanced Business Copier

14925 Stuebner Airline Rd #200
Houston, TX 77069
Phone:+1(281) 397-7429