MFP (Multi-function product/printer/peripheral) Lease
MFP (Multi-function product/printer/peripheral) Lease MFP Lease Structures and Agreements MFP lease structures typically involve an agreement between the lessee (user) and the lessor (provider). This agreement outlines the terms of use, payment schedules, and other crucial details. The lease duration can range from short-term periods (e.g., 12 months) to longer terms (e.g., 36-60 months). The length of the lease often influences the monthly payment amount. Lease Types Common MFP lease types include $1 buyout leases, fair market value (FMV) leases, and operating leases. Each type presents different end-of-lease options, such as purchasing the equipment, returning it, or upgrading to a newer model. Service agreements are often bundled with the lease. These agreements cover maintenance, repairs, and sometimes consumables like toner, ensuring the MFP's optimal performance throughout the lease term. Other considerations within the agreement may include overage charges for exc...