An agreement to pay a fixed monthly amount to use a photocopier over an agreed term, rather than buying it outright. The finance company owns the machine; you get the use of it, usually with servicing and toner bundled in.
Leasing is how most UK businesses get a photocopier. Instead of finding several thousand pounds up front, you pay a set amount each month across a fixed term — typically three to five years.
The monthly figure is only half the story. Nearly every lease sits alongside a service agreement charged per page, so ask what the click charge is and what happens if your volumes change.
Also check the term length, what the machine costs to return or keep at the end, and whether the agreement rolls on automatically if you do nothing.