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Avoiding Common Mistakes When Negotiating Printing Equipment Leases
In the printing industry, equipment leases are a massive money maker and estimated to be worth about $3 billion. Sign shops, print providers and small print shops are leasing everything from presses and copiers to colorimeters and UV printers in an attempt to stay on top of changing technology without having to make massive capital investments.
In fact, I’d be willing to bet you have at least one piece of leased equipment in your shop right now, if not more.
And, while a lease payment is often significantly cheaper than a loan payment, those costs can still add up. But did you know that carefully reviewing every lease can save you as much as 5 to 15 percent over the total cost of the lease? So, how do you do it?
Always Get Quotes
Your clients will visit multiple printers for quotes on jobs, so do the same with your next lease agreement. Remember, you don’t always have to lease from the manufacturer itself, so get multiple proposals from various leasing companies and let them know they’re bidding for your business.
Get All the Documentation With Every Quote
Before you can really evaluate a proposal or quote, you need to see the fine print (because that’s where a lease can hurt you). So, ask the bidding lease company to Read more