How Much is a Copier Lease in NYC?

7835How Much Does It Cost to Lease a Copier?

Asking how much it costs to lease a copier is a lot like asking, “How much will my mortgage cost?” Additional information must be supplied to reach a genuine conclusion. For example, how long will the loan last? How big is the house? You have to understand the costs associated with a lease copier. Here are some questions to determine how much a copier lease will cost:

  • How Many Pages Per Minutes Do You Need?
  • Does the Copier Print Only in Black-and-White or Does It Also Print Color?
  • How Long Does the Lease Last?
  • How Much Paper Will You Need and Do You Need Additional Paper Trays?
  • Will Your Copier Have Extra Features Such as a Hole-Punch, Automatic Stapler or Sorter?

Lease Terms

A typical lease term lasts between 36 to 60 months, which is between three to five years. However, you do not usually own the copier after the lease has ended. You will either have to return the unit or buy it at the reasonable current value price that was stipulated in the paperwork of your lease. Lease terms differ because payments occur differently with a longer term, and the fees will go up to compensate for the depreciation of the item. Meanwhile, a short lease term comes with higher payments, but you pay less fees and interest.

To calculate the cost of a lease, you have to understand the different variables. However, the typical lease costs $25 for every $1,000 of the copier price. That means a $12,000 device will cost approximately $300 per month. A copier lease gives business owners a phenomenal option for holding on to their business capital, and you can find copier leases for as little as $99 per month.