Leasing Return Nightmares

[gtmo]

I am interesting if other people have experience nightmares when returning a lease machine from Ricoh, Xerox, KonicaMinolta....

 

[MailGuru]

Returning a lease machine is easy.

If you're rolling it over to another lease (new equipment from same vendor) they will handle everything for you.

If you're not getting another machine, you just need to contact the leasing company. They will want to charge you some amount to have the machine crated up and shipped back to them. However, here's the secret: THEY DON'T WANT THE MACHINE BACK. What are they going to do with it? So, if you want to keep the machine, they will give you a buyout price. You negotiate that price with a counter offer - remember, they really don't want it back, so, you really have more negotiating leverage than you think. Now, compare the final negotiated price to what it would have cost you to crate the machine up and send it back, and, 9 times out of 10, you'll find that you came out on the good side of the deal.

 

[gtmo]

Thanks, we are nor rolling it over so that is the problem. An it looks like they rather sell to a equipment broker for pennies on the dollar vs a reasonable price to keep!

 

[MailGuru]

Thanks, we are nor rolling it over so that is the problem. An it looks like they rather sell to a equipment broker for pennies on the dollar vs a reasonable price to keep!

Sounds like they are just trying to run a hard bargain. Call a second market broker, like, JJ Bender. Give them the specs on your machine (make model year click count etc), and ask what they would pay for it (NOT what they would sell it for). Then call the leasing company and make them a final "take it or leave it" offer that's in that ball park. No Bluffing. Be ready and serious to walk away from the deal and just pay the return shipping if they say no.

 

[Yroc]

Is return shipping usually in the lease agreement? I would make and offer and then tell them they can come pack it up and ship it, it's theirs now, why should you deal with that PITA?