#1 Copier Rentals Louisville KY
How to Decide on a Lease Term The Louisville Way
Typically, lease terms are available for 36 to 60 months or on a 3 or 5-year term, while a few offer up to 48 months. Similar to how a car loan is issued, this refers to the duration which the value of the lease (or the retail value) will be amortized. But unlike a car loan, the owner will not own the copier when the lease is up. The owner has the option to send the unit back at his expense or purchase it at the current value that will be determined by the lease paperwork.
Different lease terms are available simply because of the difference in the computations between shorter and longer terms. Shorter lease terms would have higher lease payments, but these will already include fees and interests. Longer lease terms seem to be more affordable as the payments go down throughout the payment timeline, but the interest increase to compensate for the item depreciation and decreased capital being paid.
Understanding Service Contracts or Maintenance Agreements
When deciding on a lease term buyers have to take into consideration the service contract. Although this is separate from the lease, this adds into the equation and will prove to be very useful in the future. A service contract is much like buying a plan to cover for tire replacements and oil changes when buying a new car. It will cover any required maintenance and owners will never have to pay for these expensive costs and will save them the trouble of having to send out the unit for repairs.
Service contacts works on a “per click” basis. A “click” refers to a single one-sided copy or print. Buyers should discuss the computations with their service providers and pay close attention to details on two-sided copies, color vs. black and white print jobs, and white print jobs that will be done on color machines. Service contracts are approximates of the amount of prints or copies that the machine will make monthly and on the average this will run between $1.01 and $0.02 for every click for black and white and it will range between $0.05 and $0.09 per page for colored prints. This rate will vary depending on the amount of pages printed each month. When discussing the service contract, make sure to have these in mind:
- If you feel that you will go over your expected monthly clicks, arrange to pay for each additional click to minimize the cost.
- Know the difference in cost (in clicks) between printing tabloid prints (11×17) and sizes 8.5×11.
- Check how the billing will be if printing is in black and white with small color logos. Will the charge be the same for a color click just for a small colored logo?
When purchasing a new printer, buyers need to know these basic guidelines in computing for the cost of the printer as well as the associated fees. If you have any questions or feedback, please feel free to contact Copier Leasing in Louisville at (502) 208 4255.
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- Daily and weekly rental rates available
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- Daily,weekly and monthly rentals available
- Equipment delivered directly to production and litigation sites
- With our large inventory of copiers we can meet your needs with as little as 24 hours’ notice
- Quick service response time by factory-trained technicians
- Rentals include all services and supplies*
Louisville, KY 40205