The minefield that is photocopier leases.

How do deal with ending one agreement.

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We currently use one large multifunction A3 copier, that is on a five year lease, with about two years left to run.

Historically we have tended to end this agreement after about three years and start a new five year agreement.

Would I be correct in thinking that the outstanding finance balance on the old agreement tends to be rolled up into the amount on the new agreement - and thus we are paying, in effect, for five year agreements over three years?

Apologies for my confused thinking, any comments appreciated.

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