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Finance Lease

Under a Finance Lease, the lessee (the customer) is able to claim the benefits of ownership for IRS purposes (the lessor, however, is the actual owner). That means the lessee is entitled to claim depreciation and interest expense deductions in lieu of an operating expense deduction.

We offer two types of Finance Leases:

• the $1 purchase option lease
• 10% purchase option lease.

$1 Purchase Option Lease

This type of lease is suited to businesses that plan to keep their equipment after their lease term ends. At the end of the lease, three options are available: Replace equipment with the latest technology (and enter into a new lease agreement) Purchase the equipment for $1 Return the equipment to the lessor

10% Purchase Option Lease

This lease structure is designed for businesses that want the flexibility to purchase, continue leasing, or return the equipment at the end of the term, but want to lock in end-of-lease costs at the time the lease is initiated.

At the end of the lease term, the following options are available:

• Replace equipment with the latest technology (and enter into a new lease agreement)
• Purchase the equipment for 10% of the original financed amount
• Return the equipment to the lessor