Phone: (651) 644-5272    
       
End of Lease Options
Benefits of Leasing Contact The Leasing Department
   
Terms

Our lease terms are typically 24, 36, 48 or 60 months. Other terms may be available.

End Of Lease Options

Buyout/Purchase options are determined prior to the inception of the lease. They outline the customer's final financial obligations at the end of the lease. The two most common end of lease options are:

Fair Market Value/ 10% (FMV/10%) Purchase Option
At the end of term, you usually have the following options:

  1. Purchase the equipment for its then Fair Market Value (equivalent to 10% the original cost)
    2.
  2. Extend the lease for a pre-determined length of time
    3.
  3. Return the equipment at the end of term
    4.

$1 Buyout
Purchase the equipment for $1 at the end of your specified term and title to the equipment is transferred from the leasing company to you.

 
Comparing End Of Lease Options
 
Advantages
Disadvantages
Notes
Fair Market Value/10% End of term option is open ended.
Lower monthly payments.
Maximized tax benefit.
Great for rapidly depreciating equipment.		 Balloon payment at the end of the lease if you desire ownership. There are normally 3 options at the end of the term: buy the equipment for10% of the original cost, continue leasing it, or return it.
$1 Buyout End of lease payment is $1.00. Slightly higher monthly payments.
Minimized tax benefits.		 You can own the equipment for $1.00 at the end of the lease.

Additional programs available - please call for details.

 
   
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