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Six Ways to Break a Copier / Multifunction Printer LeaseReview conditions for cancellation in the contract.Look for what constitutes a breach of contract.Check for an assumption clause in the lease.Transfer the lease to a new copier dealer through a buyout.More items...?Oct 29, 2019

A copier lease is a binding contract you have with a leasing company or other financial institution which holds you to the payments of your copier equipment for as long as you have the machine.

Benefits of leasing Low upfront costs: Leasing not only allows businesses to obtain printers with low upfront costs, it also helps preserve credit. Many small businesses have limited access to credit and want to avoid using it whenever possible; leasing equipment is one way to do that.

With Printer Leasing there is a contract between a finance company and the customer, giving the customer use of the equipment on payments of rentals over a period. When you lease equipment you make a series of regular (usually tri-monthly) payments, instead of a large capital outlay.

Ultimately, leasing is almost always more expensive than purchasing. For example, a $4,000 copier would typically cost a total of $5,040 if leased for three years at $140 per month, but only $4,000 (plus sales tax) if purchased outright. You still have to keep paying even if you stop using the equipment.

Cheaper in the long run - Buying is always cheaper than leasing in the long term because you avoid finance charges. Think of it much like buying a car: You can save thousands of dollars by paying cash upfront and avoiding interest.

Ultimately, leasing is almost always more expensive than purchasing. For example, a $4,000 copier would typically cost a total of $5,040 if leased for three years at $140 per month, but only $4,000 (plus sales tax) if purchased outright. You still have to keep paying even if you stop using the equipment.