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Reply to "0% Copier Financing"

All of this is fine and good as an intellectual exercise but in my 30+ years I have never answered the question of interest rate. I have been asked for it a lot but unless you have a guaranteed FMV to te customer, you can't calculate the actual Interest rate and evn then you should probably calculate in the forced insurance, interim rent, and a 3-4 evergreen payments as well. Besides, unless they plan on exercising the purchase option, the interest rate doesn't matter and if they do plan on exercising the purchase option, they should probably use their own financing.
What they are buying from you is a monthly payment for a term, just like a rental. When was the last time you asked what the interest rate was on a rental car?
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