So you have a copier lease that fits all your needs. The price is great and the machine has been unbelievably reliable. However, you see down the road that your monthly lease price has suddenly risen. You might be surprised to learn that you signed up for this and that it is totally allowed. This can be a horrible retaliation for just about anyone. It’s just as important to make sure you don’t let your price rise as it is to get a good deal in the first place.
What you need to do is make sure that your lease doesn’t allow them to raise prices down the road. They may try and convince you that the price could rise, but that doesn’t mean that it will rise. However, that’s very unlikely. Every business runs on money, and if you agree to give them more money, then they will take it.
Let’s take a look at how this could affect you. Note that most lease prices stay the same for the first few years before increasing.
- 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.
Make sure that you pay close attention to your lease. If you aren’t careful then you could end up wasting a lot of money down the road.