A copier lease, also known as a copier machine rental agreement, is a contract between a renting company and a business. This agreement is legally binding.
For a monthly fee, the rental company allows the business to use the copier. The agreement will typically be for one to three years.
Several providers allow businesses to buy the machine at the end of the lease period.
Every day, printing technology advances, and the market is constantly replaced with printers with newer features.
Assume you’ve purchased a high-tech printer for your office. With the current rate of technological advancement, your printer will most likely be obsolete in a few years. Renting a copier thus makes more business sense.
When you sign up for copier service, the provider will provide you with a brand new copier. There will be no problems with functionality for the first one or two years.
However, wear and tear occur over time, and the parts must be repaired or replaced. To maintain the machine’s working quality, the service technician will use Preventative Maintenance (PM) Kits.
So, if you’re wondering why your copier service costs are rising year after year, it could be because your machine is getting old and the technician is replacing worn-out parts with newer ones.