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BTA has determined that there are hundreds of copier/MFPs in warehouses waiting to be returned until the expiration of leases. It has been proposed that an industry policy be prepared that would allow shipping companies, engaged by leasing companies, to remove the equipment from lessee’s premises and either have it stored on behalf of the leasing company or shipped to a reseller of used equipment. Of course, full payment of the remaining lease payments, as well as any other contractual obligations, would first need to be fulfilled.
In response to the industry requests, BTA is hosting a Lease Equipment Return Summit in conjunction with the May 7-8 BTA Mid-America Cruise to Success district event in Minneapolis, Minnesota. The meeting will be led by BTA General Counsel Bob Goldberg. The Summit will begin at 1 p.m. on May 6 at the Radisson Blu Mall of America in Minneapolis, Minnesota. BTA is inviting all interested leasing companies, manufacturers, shipping companies, resellers and dealers. Also attending will be representatives of the Equipment Leasing and Finance Association. Legal counsel will be present to assure compliance with antitrust laws.