Tagged With "Equipment Leasing and Finance"
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Re: ARCOA Buyback Program
We are rescheduling this webinar for later date, please stay tuned
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Re: Rumor Alert!
I haven't heard anything, would be interesting, and I guess it's a move that has to be done
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Re: Rumor Alert!
I can't confirm these specifics, but the Global dealer down here stopped selling Sharp and Konica Minolta a few years ago, so I assumed this happened awhile back.
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Re: Assume My Copier Lease....What?
I love the idea! I've tried this in the past with Kijiji or Craig's List with little success. I was wondering if you had any stats that this worked or that the leases were successfully transferred? Thanks!
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Re: Assume My Copier Lease....What?
Seems simple and I would guess most of questions such as shipping of equipment, fee's for shipping, dealer support in the area unit is transfered etc. can all be answered?
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Re: Assume My Copier Lease....What?
Tried this recently but haven't found anyone to take it up, issue I have had is often the remaining lease is above the market rates at the time. But its a fantastic concept.
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Re: Assume My Copier Lease....What?
Originally Posted by Kiwispike: Tried this recently but haven't found anyone to take it up, issue I have had is often the remaining lease is above the market rates at the time. But its a fantastic concept. I agree when the market rate is above what you can buy it for, however, but you just never know. Recently we had the Sandy disaster here in NJ. Many companies moved in for one or two years to help with the rebuilding process. They would be viable candidates to assume a lease that may have...
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Re: Assume My Copier Lease....What?
Thanks for all of your questions and comments! To answer the first question by @AOSGROUP, we've had some success in our local area of Toronto, Canada. The transactions were completed manually before launching the marketplace. The current version of the marketplace was only launched this past January, so you guys are the early adopters. Transactions can take the form of either a lease assumption (where one credit-approved client assumes the lease of another as-is), or a split-buyout (where...
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Re: Assume My Copier Lease....What?
@Kitz: Dealer support is also a great question. Currently we approach this on a case-by-case basis. New transfers would go to an affiliated partner in the geographical territory that is qualified to service that equipment. Ultimately, we are building a network of independent dealers not unlike what the direct channel already has access to. This way, independent dealers can leverage the network for new contracts as well, such as when a sale is made to a head office that includes installations...
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Re: Assume My Copier Lease....What?
How does this square with the fine print on every lease doc I've ever read regarding assignment or transferring the lease by the lessee??? Who goes to jail if the lease doesn't get satisfied????
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Re: Assume My Copier Lease....What?
Originally Posted by fisher: How does this square with the fine print on every lease doc I've ever read regarding assignment or transferring the lease by the lessee??? Who goes to jail if the lease doesn't get satisfied???? Fisher: The assumption process is one that I've seen leasing companies do from time to time. You have to get the blessing of the leasing company first, and credit approval for the new leasee.
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Re: NJ lease question
Art - As a general rule, when leasing to Muni/State Agency/Poly Subs, the customer can choose the lease structure that best fits their needs - Tax Exempt Muni Lease,standard $1.00 out, FMV lease agreement, Rental Agreement, etc. In New Jersey, tax exempt municipal leases and FMV are widely used. Based on my previous conversations with Muni leasing experts, leases cannot be longer than 5 years and all must include a fiscal funding/non-appropriation clause with the agreement. Technically each...
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Re: This Week in the Copier/Office Equipment Industry 10 Years Ago Last Week of February 2004)
I am out of the office until 05/03/2014. I am on annual leave until Wednesday 5th March 2014. If your email requires urgent attention please contact Mark Caveney on 01928 599 660 or mark.caveney@ricoh.co.uk ; or to place a service call and/or order toner for a machine please contact our service team on 08457 44 55 65. Alternatively, I will reply on my return. Many thanks, Ben. Note: This is an automated response to your message "Post By Art Post: This Week in the Copier/Office Equipment...
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Re: This Week in the Copier/Office Equipment Industry 10 Years Ago Last Week of February 2004)
I am out of the office until 03/03/2014. I will be out of the office from 21st of February until the 3rd of March with limited ability to check my e-mails. For immediate assistance, please contact Jason Trinder at jason.trinder@ricoh.co.uk or 02920 642590. Regards, Lloyd Davies Note: This is an automated response to your message "Post By Art Post: This Week in the Copier/Office Equipment Industry ..." sent on 23/02/2014 21:49:08. This is the only notification you will receive while this...
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Re: The Right Used Equipment Strategy Can Help Your Profits Soar
It's not how you sell it's how you buy. If you buy right you can make great profits on low meter pre-owned gear while selling it for half the price of equivalent new.
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Re: Six Reasons Why Copiers Leases Can Cost You More Than You Signed For
Cheryl Thanx for the response! I'm on the side of transparency. I want companies to recognize that there are some dealers that, well, they should not be doing business with. Here in the North East we're seeing some down right dirty tactics when it comes to moving product. You're right, no reputable dealer would uplift 25%, however we do have at leas one dealer that I know of that has the kind of uplift. Not sure what you meant here, can you clarify? "Let's recognize that the dealer never...
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Re: Imaging Channel, It’s also about a Lease-less Future!
Interesting. Have been working on new revenue ideas for the copier dealer channel.
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Re: This Week in the Copier/Office Equipment Industry 10 Years Ago Fourth Week of September 2004
Thanks for your email. I will be out of the office until Monday, September 29. I'll have limited access to email and will return your message as soon as possible. All the best, Andrew Jones Muratec America, Inc.
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Re: This Week in the Copier/Office Equipment Industry 10 Years Ago Second Week of May 2004
This info is 10 yrs old..looks like dates in meta data spewed old stuff
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Re: This Week in the Copier/Office Equipment Industry 10 Years Ago Second Week of May 2004
Hi Mary: The title of the Blog is: This Week in the Copier/Office Equipment Industry 10 Years Ago Second Week of May 2004 Art
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Re: This Week in the Copier/Office Equipment Industry 10 Years Ago Fourth Week of April 2004)
I will be out of the office starting 04/23/2014 and will not return until 05/13/2014. I will have limited email access, if this issue is urgent and requires an immediate assistance, please contact Eileen at eileen.cleary@tabs.toshiba.com. Thank you. This message (and any attached files) is secret, confidential and proprietary and is intended solely for specific addressee(s). If the reader of this message is not the intended recipient, please notify the sender immediately by reply email and...
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Re: This Week in the Copier/Office Equipment Industry 10 Years Ago Fourth Week of January 2005
I am out of the office on annual leave until the 26th Jan. In my absence please contact 01983 406522. Thank you
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Re: This Week in the Copier/Office Equipment Industry 10 Years Ago Third Week of January 2005
I am out of the office on annual leave until the 26th Jan. In my absence please contact 01983 406522. Thank you
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Re: Percentage of Office Equipment Leases?
I don't have any "data" but I will say that probably 80%-90% of the deals we are involved in are asking for a 36 month term. I will also say that where leasing used to be predominate, now leasing is required in less than half of the placements.
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Re: Percentage of Office Equipment Leases?
I don't have any real data without putting a bunch of time into it but I can tell you that we rarely do 36-month terms these days. Perhaps 15%. I've got one major account that does 39-month terms. The rest are 48 and 60. At one time I used to do a lot of 42-month leases because DLL had a rate special.
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Re: Percentage of Office Equipment Leases?
75% of our business is lease. Of our lease 90% are 60 month
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Re: Percentage of Office Equipment Leases?
@Deanw thanx for this. Wow, 90% are 60 months, is that because you lead with 60 months?
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Re: Percentage of Office Equipment Leases?
We are also 90% of 60 month terms; I don't even quote other terms unless the customer specifically asks for it. The percentage of leases vs. purchases is even higher I would say; 96% are leases. Very rare customers write a check for their equipment.
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Re: Percentage of Office Equipment Leases?
I used to always quote just 60, know I quote 36 standard and options for 48 and 60, just my way of whittling down the amounts of clients that take 60 month leases. I’d rather be back in at 30 months rather than 55 months
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Re: Percentage of Office Equipment Leases?
What do you sell your customer if there wasn’t a model generation refresh during that 36 month period?
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Re: Percentage of Office Equipment Leases?
That brings up a good point. Of course it depends on your payplan but I would have great difficulty making my G.P. numbers if I didn't have renewal revenue from my 36 month leases. Anymore, there just isn't a good reason in my mind (in most cases) for someone to change equipment after just 3 years. I lower their payment 60% and still make good commission...they're happy, I'm happy, and my company's happy. I get a sale every 3 years instead of 5 with a much higher revenue and G.P. toward my...
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Re: Percentage of Office Equipment Leases?
Agree with @oldglory we shoulod push more shorter term leases, good for us and good for the client Especially for dealerships that have high escalation clauses in the maintenance/supply agreement. Lately manufacturers have not been refreshing the models like they did three years ago. On average it was every 24 months, now I'm seeing models hanging around 36 plus months.
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Re: Percentage of Office Equipment Leases?
I just got bit by Ricoh not refreshing models. Had a customer come to end of term on a particular model (MP C401sr) that has not refreshed now in over 4 years. It launched in May of 2014 and has never been refreshed. To me that's inexcusable. Because of the configuration I had nothing to offer the customer other than a brand new machine in the same model and configuration as the old machine or the option to take the Buyout to keep. The customer took the buyout. It really burns me to have a...
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Re: Percentage of Office Equipment Leases?
I feel your pain!! I have C8003's out on three year leases that are due soon and there is no upgrade path there also. What worries me even more with Ricoh is the fact they are not manufacturing any of their A4 black devices anymore. I think this entire move to services is going to affect all of the refreshing, except for color MFP's and production.
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Re: Percentage of Office Equipment Leases?
Wow, I did not realize that Ricoh is not manufacturing their A4 mono. Who manufacturers the IM350/430 series?
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Re: Percentage of Office Equipment Leases?
They are made by Kyocera, Ricoh puts there tablet aka interface in replace of the Kyocera one
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Re: Percentage of Office Equipment Leases?
Are you sure? BLI says OEM is Ricoh. Drum lifes are pretty short for a Kyo product.
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Re: Percentage of Office Equipment Leases?
Take a look from the first try up on the Ricoh and compare to the Kyocera. Except for the interface they are identical. Both have the same print speed of 62ppm. In addition the Ricoh product guide does not reveal the drum life. The MP 501 and 601's were also the Kyocera print engines. There are small differences between each model. However you can see by the picture that these two devices are identical except for the interface of the Ricoh. I believe this was one of the trade-offs that Ricoh...
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Re: Percentage of Office Equipment Leases?
I agree on the MP501 and MP601 but the IM350/430 series....who do you think make those?
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Re: Percentage of Office Equipment Leases?
Not sure who makes the IM350/430 series. It may be Ricoh. Not a big fan of these products but I sell them because I have to. Wish Ricoh would bring back the MP201spf.
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Re: Percentage of Office Equipment Leases?
I noticed that the new PC600 color printer also looks to be a Kyocera product. Those funky shaped waste toner bottles were the give away. As for leases I always lead with 36 months, I agree with Art that I would much rather approach the customer at 30 months rather than 55. The only time I even show a 60 month is if I know the customer is shopping a competitor who pushes 60. It usually seems like its the larger dealers pushing 60 months, maybe for the escalation revenue in years 4&5? I...
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Re: This Week in the Copier/Office Equipment Industry 10 Years Ago The Second Week of July 2006
Y. Sent from my BlackBerry 10 smartphone on the Verizon Wireless 4G LTE network. From: Print4Pay Hotel Sent: Sunday, July 10, 2016 8:46 PM To: George KRebs Reply To: Print4Pay Hotel Subject: Post By Art Post: This Week in the Copier/Office Equipment Industry ...
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Re: What Really Happened with Print: History Lessons for 3D Printing Equipment Manufacturers
nice article from a copier guy
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Re: The One Device in Your Office That's Sucking Away Productivity (Infographic)
This is funny, because the article makes no mention that Brother devices have some of the highest cost per page costs, along with consumables that have a hard time delivering yields. More importantly, is it not right to talk at the centralized MFP? Should we all just sit at our desks for four hours at a clip. Medical reports now seem to indicate that sitting is one of the worst things you can do for extended amounts of time.
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Re: WHOA!! You Need to Check Out National AZON!
Art, you're right. National Azon is a great asset to us as reps to hit the AEC vertical. In addition they also sell just stand alone large format scanners. I worked with them (but didn't win) on an opportunity at a state archive for scanning super old documents. The rep was super helpful and if it weren't for a prior relationship we would have won. Also, they offer a pretty robust media selection for wide format. We've got several customers we order media for from these guys. They have a...
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DONNELLON MCCARTHY ENTERPRISES ACQUIRES TRI STATE BUSINESS EQUIPMENT
Cincinnati, OH – September 12, 2018 – Donnellon McCarthy Enterprises (DME), a leading office technology solutions company, announced today the acquisition of Tri State Business Equipment, an office supply and technology company in Harrisburg, Illinois. Tri State Business Equipment has been in business since 1970 and is an authorized Toshiba and Lexmark Dealer offering a full line of office equipment and services. The purchase of Tri State Business Equipment not only enables DME to advance...