Lease Agreements at Staples: What You Need to Know
If you`re in need of office equipment or supplies, Staples is one of the go-to places for businesses and individuals alike. But did you know that Staples also offers lease agreements for certain items?
Leasing can be a great option for those who don`t want to make a big upfront investment in expensive equipment or for those who need to upgrade their equipment frequently. Here`s what you need to know about Staples` lease agreements.
What can you lease?
Staples offers leases for a variety of office equipment, including printers, copiers, scanners, shredders, and even furniture. The specific items available for lease may vary by location, so it`s best to check with your local Staples store or their website for availability.
Lease terms
Lease terms at Staples vary depending on the item and the cost. Most leases are for a period of 36, 48, or 60 months. The longer the lease term, the lower your monthly payments will be. However, keep in mind that you`ll end up paying more in total over the life of the lease if you opt for a longer term.
Payments
Monthly payments for your lease will depend on the cost of the item you`re leasing, your chosen lease term, and any fees or taxes. You`ll typically be required to make a down payment at the beginning of your lease, which will be applied to the total cost of the item.
Credit checks
Like with any lease or financing agreement, Staples will likely run a credit check before approving your application. If you have a poor credit score or limited credit history, you may be required to make a larger down payment or be charged a higher interest rate.
End of lease options
At the end of your lease term, you`ll have a few options. You can choose to return the item and upgrade to a newer model, extend your lease, or purchase the item outright. If you choose to purchase the item, you`ll typically be given a discounted price based on the total amount you`ve already paid in lease payments.
Final thoughts
Leasing equipment from Staples can be a great way to get the office equipment you need without a big upfront investment. Just make sure you understand the terms of your lease agreement before signing on the dotted line. If you have any questions or concerns, don`t hesitate to ask your local Staples representative for clarification.