Office copier financing options explained
Office copier financing options commonly include a cash purchase, equipment loan, finance agreement, fair-market-value lease and fixed-purchase-option lease. Rental or managed-service structures may also apply. Compare ownership, total payments, flexibility and end-of-term obligations for the exact equipment.
Understand the main copier financing structures
A cash purchase provides immediate ownership. A loan or finance agreement spreads purchase cost while usually leading to ownership. A fair-market-value lease generally offers return or market-value purchase choices, while a fixed-option structure states a purchase amount. Contract language controls the result, not the sales label.
Keep service separate from equipment financing and identify deposits, taxes, fees, renewal, return, buyout and early-exit provisions. Have accounting and tax advisers review material agreements. Use the copier financing comparison and ask providers for alternate structures on the same configuration.
Price the equipment around one clear workload.
Give providers the same volume, paper, scanning, finishing and service brief.