Leasing Photocopier and Printers

And now for something totally contradictory... Just leased our first photocopying machine... What did we need

a. Private limited company incorporated
b. Two years of operating history
c. Bank statements for the last six months that showed cash coming in and going out
d. One director's personal guarantee
e. Audited and management accounts for the last one year
f. One very solid and strong reference

Total amount financed - 91,000 PKR. Monthly payment 7,000 PKR. And it will be ours at the end of one year inshahallah. Mujtaba thought it was a little too early for us to go out and buy a new machine but the business case was quite strong. We go through 3 toners a month for our two HP 1300 hundred with each toner costing 3,800. A typical toners runs around 3000 copies. At 9000 copies a month we spend close to 10,800 on toner costs. The new sharp runs at 12,000 copies for 3000 rupee toner. Since the sharp also doubles as a network printer, my toner expense is now down by two third and I am more than happy to pay the savings out as the monthly rental for the next twelve months.

The lease also helps us get the right credit profile since we are now getting bigger every day and would start buying serious equipment. Also applied for a domestic Amex card but that still hasn't come through. Some how their service here is not the same as in the US. Well good things come to those who wait.