You probably already know that returning leased equipment at the end of the lease is the lessee’s responsibility. So, how much will this “responsibility” cost? You can plan on paying about $300 to $500 per device to a shipping company to transport the equipment back to the address(es) the lease company specifies. To keep these costs at a minimum, here are few things to try: (more…)

Here are six tips on how to proactively manage the termination process for a lease agreement:

1. Start Early - If you have leases expiring any time during the next 6 months, start the lease termination process now, even if it’s to schedule an action on your calendar. Missing the lease company’s deadlines can put you in a bind.
2. Verify the dates - Do you know for sure when the lease ends? You can’t always base it on the date on the signed contract. The end date will depend on the date the first payment was due or when the agreement was accepted by the lease company. Contact your lease company to find out.
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