True printer Leasing – Not a loan

[Steff Davison]

What do you mean by a lease?

Do you want to own the machine (title to the machine is in your name) at any time during which you have use of it?

All rates are negotiable depending on your own particular circumstances, maximum term for a machine which is used as security is 7 years (but it will be 5 years for a relatively low value machine such as the Roland)

Rental of a machine should be much more expensive than a "lease".

[Louis Louis]

I mean Lease as in borrow/rent for a long period.

[Jamie Wood]

CSL Digital may do this. You can rent machines (including the BN20) for as long as you want, and return them at the end.
It would work out expensive….

[Louis Louis]

quote Jamie Wood:

CSL Digital may do this. You can rent machines (including the BN20) for as long as you want, and return them at the end.
It would work out expensive….

Thanks, the daily prices worked out about the same as loan/financing a machine but a great resource.

[Denise Goodfellow]

I don’t understand why you wish to rent one long term agaist taking outa loan to buy one outright over say 3-4 years

[Louis Louis]

quote Denise Goodfellow:

I don’t understand why you wish to rent one long term agaist taking outa loan to buy one outright over say 3-4 years

Renting a machine in other industries is a LOT less expensive. You look after the machine and give it back at the end of contract to be sold or you are offered a discounted buy price. You also get tax relief 18-20%.

It seems most Roland dealers I’ve spoke with offer you a "lease" but really just sign you up for a high-interest loan, and still want the machine back after contract.

[Denise Goodfellow]

quote Louis Louis:

quote Denise Goodfellow:

I don’t understand why you wish to rent one long term agaist taking outa loan to buy one outright over say 3-4 years

Renting a machine in other industries is a LOT less expensive. You look after the machine and give it back at the end of contract to be sold or you are offered a discounted buy price. You also get tax relief 18-20%.

It seems most Roland dealers I’ve spoke with offer you a “lease” but really just sign you up for a high-interest loan, and still want the machine back after contract.

Ok, I understand.
But printers can be very temperamental, requiring a lot of cleaning and maintenance. A simple head strike can cost you £750 in a new head, each visit by the maintenance man cost us at least £200. Who pays those costs…

You do get a tax break on a loan btw too, not sure on %

Returning a lease vehicle is not straight forward, if it’s done over the agreed mileage there is a cost to pay, likewise if there’s any damage on the bodywork.

Perhaps printers haven’t reached the reliability stage yet to offer them on lease after all, vehicle leasing is relentively a new thing, cars were once offered with 12 months warranty, you know get 5 years with some models

We did rent a photocopier many years ago, paid £12k over 4 years, the term finished and we expected them to collect it, we were told to keep it as it had no value now, we sold it for a whopping £30……

Perhaps in the future

[James Bateman]

Hi Louis,

I know it’s frustrating when you can’t get the answer you need, but Denise does raise an important point; it mainly comes down to the depreciation and resale value of the printer.

We recently took the plunge and purchased a Mutoh VJ-1638 and Summa F1612 (with the original intention of renting) and even at those prices, the general response from suppliers was “there’s not enough margin to make it worth our time in selling after the contract is up”.

I think what you might be looking for is an ‘Operating Lease’, but unfortunately the depreciation alone discourages suppliers from keeping tabs on hundreds of low value machines sitting on their balance sheet.

Given that interest rates are due to rise as early as November, you might benefit with a 3-5 year fixed bank loan and keep the machines until the bitter end, sucking out every last bit of value until putting the husk up for sale on Ebay. 😀

Do let us know what decision you make, as your experience could really help others in the same boat.

Good luck!