Save Money on Your Lease Rate

Getting a copier you love is not just about loving your office machine. You also need to get a good price or else you will be consistently angry that you are paying so much for so little. You need to make sure you are getting a good price on the machine itself, as well as your monthly payments. Not many people know how to use the system to their advantage. We are going to show you the secret to save money on your lease rate.

Getting a good lease rate is all about understanding how copier lease rates are decided. Copier lease rates are adjusted based on how much money you spend. If you spend more, you get a better lease rate. However, the adjustment is not made gradually. You have to cross a certain price threshold in order to get the better copier lease rate.

For example, you want a 48-month lease on a copier that will cost you $3001. The bank will decide the Fair Market Value lease rate and say you need to pay $74 per month. You get a lower rate because your spend more and crossed the $3000 threshold.

If you were buying the same copier for $2999 then the bank would actually say that your Fair Market Value lease rate would be $91. The rate is higher because you haven’t crossed the threshold for the better lease rate.

Just to help show it differently.

$3001 Lease = $74 per month

$2009 Lease = $91 per month

That’s a difference of $17 per month.

$17 x 48 months = $816 over the course of your lease.

Talk with your copier leasing agent about where their lease rate thresholds are. If you are within a manageable amount of money then it may be to your advantage to negotiate paying more on one part of your lease to get a better rate. This could save you money in the long run.