Fair
Market Value (FMV) - You have the option to purchase the equipment under lease at the end
of the lease term for a portion of the original equipment cost based
upon it's then Fair Market Value. This cost will range anywhere from
8-30% of the original equipment cost based upon the age and marketability
of the equipment. This lease option is usually preferred for equipment
such as computers that depreciate rapidly.
10%
Option - The equipment can be purchased at the end of the lease for
10% of its original cost. This lease structure is favored by customers
who are fairly certain they want to own the equipment at the end of the
lease term and want an established purchase option.
$1.00
Option - This lease structure offers the lessee the option to purchase
the equipment at the end of the lease term for $1.00. This lease structure
is favored by customers that are confident they will want to own the equipment
at the end of the lease term (also required on software leases). |