Leasing & Services
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Please ensure that you have not only been offered the machine at a good price with the current copier lease quote but that the lease rates you have been provided with are the most competitive.
Your options:
- 1 to 5 year lease periods
- Deferred payments of 6 months
- Ownership option upon the finishing of the leasing period
Frequently asked questions
Q. Should I buy or lease?
A: This is different for everyone and depends predominantly on your financial situation and your specific requirements as photocopier budgets can be anywhere between £500 and £100,000. Discussing this with your account manager is highly recommended.
Q: When the lease is finished who owns the photocopier?
A: The photocopier will still be owned by the leasing company however often an ownership negotiation can take place at this time.
Q: How are the Tax Allowances for leasing and buying different?
A: When leasing a photocopier the cost of it will not have to be paid then and there. Furthermore, everything you pay can be reclaimed on an annual, quarterly or monthly basis. If you decide to buy the photocopier, 40% of the purchase price can be claimed for the first year and after that time 25% of the outstanding balance can be claimed.
Q: If my situation changes can I upgrade my Photocopier Lease?
A: Yes you can, however do not be fooled by suppliers who tell you this is a free service. Unfortunately your new lease will include any outstanding payments from your old one ensuring the new copier is more expensive.
Q: Does the Copier Lease include photocopier service?
A: Usually the lease will include a disclaimer that the photocopier service is not included in the cost of the lease and a charge for copies can be made and added to the cost of the lease. Furthermore, if any photocopier service is unsatisfactory the lease cost apportioned to the photocopier will not be affected.
Q: Why is it that there is photocopier companies which provide higher or lower lease rates for photocopiers that cost the same?
A: There are two different answers to this question. The first of these is that if you are able to make a large initial payment (most commonly two quarters at the commencement of the lease) then a reduced lease rate may be offered to you. Secondly, sometimes an extra quarterly payment may be required. For example for a two year lease that would normally entail eight quarterly payments a ninth quarterly payment would be required.
Please call Paragon today to discuss your requirements. To find out more, browse our website, call 0845 521 1420 or email your query to: info@paragon-ds.co.uk
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