Why People Choose 60 Month Copier Leasing

When it comes to leasing, we have tracked our sales and found an interesting trend. About 92 percent of the leased equipment involves the use of a third-party provider. Of the 92 percent, we have witnessed 89 percent of the leases being written for 60-month terms. 60 months equates to five years, which is a long time for a lease, and technology changes so quickly nowadays, why would someone choose a 60-month lease over a 24 or 36-month lease?

Short-term leases come with the benefit of faster upgrades, and after just two years of owning a copier, the technology can change so much. If you sign a 60 month lease, you will encounter expensive items breaking down, and your reliable repair technician could be replaced with someone else. Short-term leases reduce these risks.

However, a key reason customers sign 60-month leases is because it gives them the use of a copier at a lower price. When the lease ends, they have to ship their current copier back to the leasing company; not to mention, they have to send a notice of cancellation 90 to 180 days in advance, which all becomes a huge hassle. Businesses do not have the time to worry about these things, which is why they often choose the 60-month lease because it means they have to do it less often.