There is nothing worse than signing a lease that you think is fair and being charged for something you were not aware of. You think that you have walked away with a great deal, then somewhere down the road you get charged for something you were not aware of. At Copier Phoenix, we think that this is completely unfair. That’s why we made this little guide to help you avoid miscellaneous fees on your copier lease.
One slimy way that some companies will try and grab your money is by including a yearly raised rate. They will include a provision in your lease agreement that says they can raise rates throughout your lease. This rate hike will usually happen after year two.
It is fair to assume that your lease rate may rise slightly during the duration of your lease due to inflation. What you need to be aware of is the rate change that may be written into your agreement. This rate hike can go as high as 12%!
Here’s an example of how this would affect your business.
- 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
You would be paying an extra $57 per month on your final year of your lease. Over the course of the year you would be paying almost $700 extra, on just that year!
Another way to avoid miscellaneous fees on your copier lease is to learn to install consumables yourself. Many leases will include consumable installment fees. This is a very simply thing that you can learn on your own and can save you hundreds throughout the year.
If you want to learn more about avoiding miscellaneous fees on your copier lease then contact Copier Phoenix today. We will help you understand all parts of your copier lease and see how to save money in the future.