Advantage Business Systems, Xerox Northeast

My copier lease is ending and I don't know what to do

What to do when a copier lease is about to mature: find your notice window, decide return or buyout, and avoid an automatic renewal.

What's actually going on

Nearly every copier lease requires written notice inside a narrow window, commonly 90 to 150 days before maturity. Miss it and the lease auto-renews, usually for six to twelve more months at the same payment.

The notice requirement lives in fine print you signed years ago, and the leasing company has no obligation to remind you.

What to do in the next 48 hours

  1. 1Find your lease document and write down the maturity date and the exact notice method required.
  2. 2Send your letter of intent today if you are inside or near the window. Certified mail if the lease says so.
  3. 3Decide what replaces the machine before you commit to returning it, so you are not without equipment.
  4. 4Record your final meter reading the week of pickup so the closing invoice can be checked.

The honest tradeoffs

  • Buying out an aging machine is often cheaper this year and more expensive over three, because service and parts costs rise as the device ages.
  • Returning means you own the freight and the condition of the equipment. Budget for it or negotiate it into the next agreement.

Your next step

Rather just talk it through with someone local?

203-777-0011Or request service

Questions people ask next

How much notice do I have to give to end a copier lease?
Most copier leases require written notice 90 to 150 days before the maturity date. The exact number and the required method are stated in the end-of-term clause of your agreement. If you cannot find it, ask your leasing company for your notification requirements in writing.
What happens if I miss the notice window?
The lease typically renews automatically, often for six to twelve months at the same payment. You can still notify for the next window, but you will usually owe the renewal term.

More on a lease that's ending

Back to all situations