It’s in the Fine Print
The “Gotchas” in your equipment leases will get you every time. The “Gotchas” in your equipment leases will get you every time.
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At lease termination, leasing companies do not want the equipment back. Returned equipment creates disposal and resale problems. Presses, folders and similar long-life equipment are usually financed for five to seven years.
Digital Technology Loses Value Quickly
Digital technology creates challenges for leasing companies. Equipment life cycles grow shorter, and the value of the equipment drops dramatically and rapidly—like an automobile after you drive it off the lot. Some time between the 12th and 24th month, the equipment resale price nears the zero level. Lease terms for digital print equipment and computers may be for two to four years.
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Mary A. Redmond
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