Are you online looking for a copier lease in Seattle? We cover copiers and cover the whole Seattle area. We have techs in Bellingham, Renton, Bellevue, Kirkland, Bothel, Redmond and all the other Seattle suburbs. Leasing a copier can be confusing to clients who have never leased a copier before.
How does a copier lease work?
The interesting thing is most folks believe a copier lease is more like a rental. They return the copier at the end of the lease and then get another. This type of lease is what is called a FMV Lease. A FMV lease, or Fair Market Value lease, is a way to finance capital equipment and allows for the user to know the whole copier is being maintained under a maintenance program. Of course a copier can be put under a maintenance program no matter how they bought the copier.
$1 Out or a FMV Lease?
Most people do a FMV lease for 5 years. This means that the copier must be returned at the end of 5 years or the customer may pay what the leasing company feels is “Fair Market Value” for the lease and then the copier belongs to the client. With a $1 Out lease, the copier is leased just like a FMV lease, but at the end of the lease, for just $1 the company keeps the copier.
Generally a FMV Lease is about 5% cheaper than a $1 Out Lease, but the copier must be returned to the leasing company on their own dime, and this makes the $1 Out lease to be a better deal for most people in general.
If you would like to lease a copier here in Seattle, give a team member a call today!