Lease to Own. ($1 Buyout) A Lease that combines lower, fixed monthly payments with the guaranteed-in-advance right to purchase the equipment at the conclusion of the lease term at a pre-determined price--usually $1.00. This option is good for equipment with a long useful life. Also called a capital or finance lease and may be depreciated on the balance sheet. (Available in most, but not all states. Please call for details)
Lease With Option To Buy (FMV/10% buyout) Provides greater flexibility and the lowest monthly payment. Its benefits include 4 unique lease-end options:
Return the equipment to 4leasehelp with no further obligation, OR
Purchase the equipment for its fair market value at the time, OR
Purchase the equipment for a fixed amount--usually 10% of its price. (Must be agreed to in advance, OR
Continue leasing for additional months at a reduced monthly payment.
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