Copier lease buyout is common among copier dealers. Of course, dealers and leasing companies wouldn’t agree to buyouts if they lost money on them. Their motives are pretty much the same.
Gain Your Business
A lease buyout is a great way for a copier dealer and leasing company to bring in new business without incurring any losses. That’s because companies that want a lease buyout are usually interested in a replacement copier or printer.
The copier dealer gets to sell new devices to your new leasing company. The new leasing company gets to sign you up for a lease. If all goes well, your company will bring the dealer and leasing company long-term business.
Add on Service Agreement
Copier service agreements are separate contracts that can often be bundled with copier leases. Under a service agreement, the copier dealer agrees to provide maintenance and repairs for a set amount of time.
When It’s a Good Idea to Seek a Buyout—And When It’s Not
Buyouts are great option when a copier lease agreement is no longer meeting your needs—depending on how far you are into your lease period.
Need to Upgrade Equipment
With a buyout, you might be able to negotiate for more favorable copier leasing rates. A buyout also opens the door to an immediate equipment upgrade. This means you can get what you need without waiting months, or even years, for a lease period to end.