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Lease
Type Definitions:
-
Ten
Percent (10%):
Customer can elect to purchase the equipment at
a price which is guaranteed to be 10% of the original
cost.
-
One Dollar ($1.00): If the customer is certain
that they want to own the equipment at the end of
the lease term, they can purchase it with a $1.00
payment option. (Monthly payments are generally
higher to allow for $1.00 buyout at end of lease
term.)
- Fair
Market Value (FMV): Customer can purchase the
equipment for approximately 12 to 20% of the original
cost, depending on the lease term (this monthly
payment is the lowest of all programs). This type
of lease is a true lease/rental and is usually 100%
tax deductible (consult a tax accountant for eligibility).
Note: When entering a purchase amount, do
not use comma or period.
Note:
The calculation above is an estimate and does not
include applicable state and local taxes, shipping
and other charges. |