Digital Equipment Lease

[bbchowda]

I just signed a lease for a Ricoh C7200x and C5310s with a local company. But it has been a while since I signed an equipment lease. I was told that the counter signature for the lease would be done once the equipment is installed. Does this mean that there is a chance that something can go wrong and I would not get these machines installed?
Thanks

 

[tommyboy]

bb, first I would suggest if it is not too late, too not sign for the C5310. I have the C5300S and it's exhibited many issues, and it's hard to make money with it.

 

[Shawnd]

You mean in regards to the lease being denied before install?

 

[bbchowda]

bb, first I would suggest if it is not too late, too not sign for the C5310. I have the C5300S and it's exhibited many issues, and it's hard to make money with it.

What are some issues you are experiencing?

 

[bbchowda]

You mean in regards to the lease being denied before install?

correct

 

[TJPrinter]

I just signed a lease for a Ricoh C7200x and C5310s with a local company. But it has been a while since I signed an equipment lease. I was told that the counter signature for the lease would be done once the equipment is installed. Does this mean that there is a chance that something can go wrong and I would not get these machines installed?
Thanks

My leases were always executed with two signatures prior to the order being entered so this would be new to me. If you’re uncomfortable with this you should talk to your rep more about it. For a nominal fee you could talk to an attorney to put your worries to rest. Leases are full of small details meant to protect everyone but you. Do you do any printing for an attorney? Maybe give them a call.

 

[SoggyWinter]

Always run your contracts and leases by an attorney before signing anything.