End of term

Purchase for $1

Purchase at 10% of original price, renew lease, or return equipment

Purchase at Fair Market Value, renew lease, or return equipment

Purchase at 10% of original price, upgrade or renew equipment

Structured to fit cash flow

Yes

Yes

Yes

Yes

Equipment Obsolescence Protection

No

Yes

Yes

Yes

Inclusion of "soft costs"

Yes

Yes

Yes

Yes

Relative Cost of Payments

Low

Lower

Lowest

Lower

Tax advantages of ownership available to lessee

Yes

TBD by Equipment Type

No

Yes

Allows upgrading and tradeups

Yes

Yes

Yes

Yes

Down payment required

No

No

No

No

Capitalized on balance sheet, generally

Yes

TBD by Equipment Type

No

Yes

Allows Co-terminus addenda (CTA)

Yes

Yes

Yes

Yes

Available Terms

12 to 60 months

12 to 60 months

12 to 60 months

12 to 60 months