It’s not always easy to see the best ways to save on copier leases. There are a number of little tricks that can help you save money, if you know what you are doing. Today we want to discuss how to understand copier lease rates and how they can help you save money.
Lease rates determine the amount that you will need to be paying each month. You can get price breaks if you spend certain amounts of money. However, the price breaks only come after you cross certain price thresholds.
For example, let’s say you wanted a small office machine for $3001 on a 48-month lease. The bank would decide that you have Fair Market Lease rate of $74 per month.
Alternatively, if you wanted the same machine but at a price of $2999, then your lease rate would actually rise to $91.
That’s a difference of $17 per month, which will cost you over $800 extra over the course of the 48 month lease.
So in this scenario the lease rate break point is over $3000. This means that you will have a better lease if you cross that threshold. It doesn’t matter that your $2999 is only $2 from crossing over the threshold. You will not get the price break unless you cross the $3000 mark.
You may be close to a price break and not even know it. Ask your leasing agent about copier lease rates and see if you are relatively close to the threshold. If so, you may be able to save money in the long run by getting something a little more expensive.