"Buy
what appreciates, lease what depreciates."
Dale Carnegie
| Types of Leases:
Buyout Options: End
of the Lease Term: * $1 Buyout - You can purchase the equipment for one dollar. This is ideal if the useful life of the equipment is expected to be greater than the lease term. * 10% Buyout - You have the option to purchase the equipment for 10% of the original cost. Payments are lower than the $1 buyout. This is ideal if the useful life of the equipment is expected to be greater than the lease term and you want a fixed purchase price. * FMV (Fair Market Value) Buyout - This lease provides the lowest payment option and normally qualifies as an operating or true lease. At the end of the lease term you have the option to purchase the equipment for its fair market value as determined at that point in time. All leases have the option to return the equipment and start a new lease, or to continue leasing the equipment. |
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