When it comes to office equipment, a big decision for a company is whether they want to lease or purchase. With technology advancing, most companies find it does not make sense to purchase office equipment, such as a copier. This is because it could be out of date within the next few years. Rather, they opt to lease, making a monthly payment until their lease agreement expires.
While leasing is an attractive option for companies who plan on growing over the next couple of years, they should be wary of a couple major concerns.
- The Leasing Company may sell their contract.
- The leasing contract may contain a “Hell or High Water” clause.
Here at RJ Young, we provide solutions to these frequent leasing issues.
The Problem with External Leasing:
Most equipment dealers lease their products through external leasing companies. These leasing companies will often sell contracts to the highest bidder. Dealing with leasing issues becomes a lot more challenging when your contract is sold to a third party. Some of these challenges are:
- Having issues answering questions about your short-term contract
- Never being certain of who currently holds your long-term contract
- Being hit with hidden fees
At RJ Young, you never have to worry about us selling your contract to someone else because of our in-house leasing.
What is In-House Leasing?
Simply put, your leasing program and high-quality equipment comes from the same place.
What Does In-House Copier Leasing Mean for My Company?
With RJ Young’s In-House Leasing, you stay in the company. Your time is valuable, and we respect that by ensuring your contract stays with us. Rather than having to call multiple companies in order to lease a copier, or to find out information about your contract, all questions can be answered by simply calling RJ Young!
Buyer Beware: With other companies, it is important to look before you lease. Most office equipment leases include a “Hell or High Water” clause to protect the dealer from any issues with the product.
What is a “Hell or High Water” clause?
Hell or high water is a way for equipment dealers to pass along responsibility for damages that occurs during the lease. This is the carse regardless of if the equipment was damaged prior to acquiring it. The clause can also state the equipment dealer is not responsible for the loss or failure of equipment, regardless of timeframe. When disputes between customers and dealers have made their way to trial, courts have overwhelmingly voted in favor of the equipment company because of the “Hell or High Water” clause.
We Make It Right Guarantee:
At RJ Young, our customers never have to worry about a “Hell or High Water” clause. Our service is backed by our We Make It RightTM guarantee. With our In-House Financing and We Make It RightTM Guarantee, our customers can rest assured that they will be taken care of come hell or high water.
Find out more about the variety of products we can lease to you today!
If you have any questions about leasing, call us at 800-347-1955 or complete our online contact form and an RJ Young representative will be in touch.