It seems to me that the administrators frustration is the large balloon payment, and they were not getting any help from anyone with Ricoh to give them an itemized breakdown of the costs associated with the balloon payment.
Now, it's not uncommon that most people who sign copier leases do not read the lease, and when they do it's usually too late (meaning after the lease has expired). Thus I thought I would post a thread to help them understand a Fair Market Value Lease and why there maybe a balloon payment. In this case I think the balloon payment could be extra payments because the lease is in an auto renewal. In any case here's the response I wrote:
FMV (Fair Market Value): There is also an evergreen clause in all copier leases, meaning you need to contact the leasing company within "x" amount of time prior to the expiration of the lease to notify them of your intention to either buy the systems or return them. If you do not
