5 Questions to Ask When Leasing Office Equipment


Many businesses use leasing as an affordable solution for acquiring new office equipment. If you're looking into an equipment lease, here are a few questions you'll want to ask the provider.

1. What can we expect as a monthly payment?

Office equipment leases vary in length, and you'll be able to negotiate a term that works for your current situation. A longer term may mean a lower payment, but if you need an equipment upgrade before the lease ends, you'll want to take that into account.

2. What is your end-of-lease procedure?

If you're planning to return the office equipment at the end of the leasing term, be sure to find out the provider's procedure for handling the hard drive. Get assurances of data overwriting methods or ask to keep the hard drive in your possession. A hard drive with stored information is a significant security risk for your company and one that you need to take seriously.

3. Can the lease be renegotiated?

Your office equipment needs may change during the leasing period. Find out if you can add additional equipment or services to meet your changing requirements.

4. What kind of support can you provide?

Some companies have dedicated staff members who will work with you to find the right equipment. They'll also provide equipment set-up, training, and ongoing support to make sure you're getting the most from your leased office equipment.

5. What about maintenance and supplies?

Most office equipment leases include operating supplies and maintenance. You'll want to know what their policy is for repairs, including how quickly they can respond to an issue.

As with any lease or purchase, it's important to find a partner who's been in the business for a while and who works with industry-leading manufacturers. Contact us at American Business Equipment for a consultation today!