You should feel good about your copier lease before you sign it. These leases often last for 5 years or longer so you want to make sure you know what you are getting yourself into. However, many people do not read their leases closely enough, and this can lead to problems later. It’s important to make sure your lease looks good to keep your copier payments low.
There is a sneaky provision that some leasing companies might try to put into your lease. They can include something in your lease that allows them to raise the price of your monthly payments after a certain period of time, usually 2 years.
Leasing companies include this in your lease because they know that many people will not notice it. They may tell you that it only “allows them” to raise the price, which doesn’t necessarily mean it’s going to happen. However, every company is looking to make money and they will take the opportunity if you give it to them.
Do not allow anyone to include something like this in your lease. It is only there to allow them to take more money from your pocket without you being able to do anything about it.
It is worth noting that your lease price could raise naturally because of inflation. There is little to be done about that. However, that is a natural rise in price versus a price gain just to make them more money.