Options for an Equipment Lease
Leases are usually tailor-made to meet the requirements of the client and an equipment lease is no exception. There are many options available for leasing equipment of which just a few are mentioned below.
True Lease: A true lease is a lease which involves really low monthly payments. In addition, there is flexibility of end of term options for this type of lease. Your options on culmination of the lease term include lease renewal, purchasing the equipment at its FMV value, leasing new equipment or just handing back the leased equipment to the lease providers.
Capital (Finance) Lease: A capital lease is a lease whose duration is more than 75% of the asset's estimated monetary life. On culmination of the lease term, the lessee is given ownership rights over the leased equipment and also an option to buy the equipment at a reduced price.
Deferred Payment Lease: With this type of lease, payment of the first monthly sum can be postponed up to a period of 90 days.
Sale-Leaseback Lease: In such a lease, the business firm buys the required equipment which is then sold to the lessor. The lessor then leases the equipment to the firm for regular use.
Graduated Lease: A graduated lease is a long-term lease in which the terms are not fixed but adjusted from time to time during the lease period. The terms are adjusted according to the equipment's market value at the time.
For any equipment leasing requirement that you may have, do contact the Graphic Savings Group.
For any equipment leasing requirement that you may have, do contact the Graphic Savings Group.
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