Imagine, the end of your copier lease is right around the corner and you are thrilled to be returning your copier and upgrading to something new. Then, right before you return your copier you receive a charge for an additional 3 months of leasing on the same copier. What happened?
Well, most leases have a provision in their lease that accounts for continued billing unless you specifically cancel the agreement. In other words, you missed the boat to cancel when you would have liked, and now you are stuck for another quarter of the year.
- Look through the lease and find when you need to send in notice to your leasing company. This is usually no sooner than 90 days before the lease ends, and no later than 45 days before the lease ends.
- Mark that date on your calendar at the end of your leasing contract.
- If you decide you want to terminate your lease and the end of the contract just send a written letter to your leasing company stating that you want the contract to end.
This automatic charging can sneak up on even the most savvy business owner and end up costing $600 or more. Don’t let this happen to you! Simply follow these 3 easy steps to make sure you are on top of your copier lease and don’t get caught with charges you did not plan on.