Does any National Copier Vendor still have their own in house leasing service?

Canon has Canon Financial, all of the others? I believe they are all third party.

If I'm not mistaken, Canon Financial is still wholly owned by Canon but I don't think anyone else has their own leasing company anymore.

Ricoh has Ricoh Financial Services, which is wholly owned by Ricoh

I think if you look into it that you will find that you are mistaken. Their lease document says Ricoh but the rest of the document is either De Lage Landen (DLL) or GE. They used to use DLL almost exclusively but seem to be mostly GE now.

Partially correct...Ricoh Financial Services (wholly owned)still exists and is primarily used for Major Accounts whereas Commercial or SMB accounts are financed through 3rd party vendors, i.e. GE, DLL, etc.

Interesting. I do some GSA and they are written on GE paper. It is interesting that they would take on major accounts internally but not the Federal Government. Maybe the Federal Government is a bigger risk ;>)

Konica Minolta uses GE, DLL, US Bank

In Canada, I have the strong impression that GE is trying to get out of the "small ticket" copier leasing business.

Just last month, we did a Balance of Payments on a GE lease with a differnet leasing vendor (MCAP). Once we were funded, we gave the customer a cheque. The customer promptly paid GE.

GE came back this week asking for a $400.00 Premium fee for early contract cancellation. The customer refuses to pay it.

As this fee was not documented anywhere that we can find in the original lease, I do not think GE has much recourse but to waive it.

I am sure from GE's point of view if they send out 5,000 of these Fees and 2,000 customers automatically pay it, that is an extra $800k profit.

GE is also directly offering the customer a buy out on the equipment cuttiing out the original selling dealer. GE does not want the equipment back.

Canon has Canon Financial Services - which is a wholly owned subsidiary of Canon. This is a true captive program with Canon financial servicing the majority of the leases they originate

Ricoh - Most of Ricoh's leases are sold to 3rd party leasing companies (GE, DLL, CIT, Wells) on a private label basis. Ricoh does have Ricoh Financial Services which is a true captive, but it only takes a small portion (Major Accounts) of the leases that are originated by Ricoh

Ikon - they utilize Ikon Financial Services which which used to be a captive, but was sold to GE Capital.

Konica Minolta - they utilize 3rd party leasing programs with USB, CIT, GE and DLL

Pitney Bowes - True Captive leasing with Pitnet Bowes Global Financial Services