How long do you think the right copier lease length is for your business? Most copier leasing companies have a variety of lease length options to satisfy your needs. There are pros and cons to each lease length. You should consider what you want out of your machine and what will benefit your business. We are here to help you understand the differences in copier lease lengths.
If you are thinking of getting a copier lease then there are essentially considering two different lease types: short-term or long-term. Short term leases are usually around 24-36 months, while long-term leases are usually 60 months.
24-36 Month Leases (Short Term)
- More expensive monthly payment for shorter leases
- Always have the newest machines
- Keep your office as up to date as possible
- Have to worry about getting new leases more frequently
60 month Leases (Long Term)
- Save money on your monthly payment with a longer lease
- Have to have the same machine for longer
- Longer leases can lead to problems near the end of the lease
- Don’t have to worry about looking for new leases all the time
The long-term lease option is generally the most common lease length. It’s true that having a shorter lease will give you the opportunity to have the newest machines, but it’s not always worth it to people. Many businesses don’t care about waiting an extra 2 years to upgrade because they don’t perceive the upgrades as necessary. It’s also annoying to have to go through the process of looking for a new lease every couple of years on a short-term lease.