Making timely lease payments can become a challenge. And don't imagine for a second that lessors will forget about the debt; the leasing company contract is legal. In these cases, negotiation is the key.
Eighty percent of all companies lease equipment. Leasing can bring many benefits, including conserving cash flow and bringing an additional source of capital. Savvy lease negotiators know that lessors will negotiate financial terms and conditions, end-of-lease terms, late charges, prepayment definitions and more. Leasing has a language all of its own. We call it "Lease Speak." It is possible to decode the language, negotiate your way through the murky water and save money for your company.
In her LeaseSpeak blog, consultant and writer Mary Redmond reminds in-plants to keep track of their lease payment schedules—especially if they don't receive an invoice.
"One printing company owner told me that he thought their lease was over and they owned the equipment. Nope! Seven months after the end of the lease, an invoice arrived for seven months of rent," she writes.
NAPL, the trade association for excellence in graphic communications management, will offer visitors to Graph Expo the opportunity to engage in one-on-one consultations with Association experts and consultants and attend a series of “mini-seminars” at NAPL booth 3834. “We invite attendees to maximize their Graph Expo experience by discussing with our experts the challenges they face and letting us help them find the most effective solutions to those challenges,” said Joseph P. Truncale, NAPL president and chief executive officer. Attendees may stop by the booth at any time during the show. NAPL mini-seminars scheduled for the show include programs by EFI’s Chuck Gehman on computer