Below is a summary of the main types of leases provided by GSG Leasing.
Fair Market Value (FMV)
An FMV lease generally offers the lowest monthly payment, since the structure is specifically designed to attract customers looking to avoid technological
obsolescence. The lessee will make smaller monthly payments, and at lease termination, the equipment purchase will be assessed at a "fair market value".
End of lease FMV purchase options include: purchasing the equipment at its "fair market value" price; continuing the lease on a monthly basis; trading up to a new lease/equipment;
or returning the equipment to GSG.
10% Purchase Option
The 10% Purchase Option lease provides a middle ground for monthly payments. The lessee's payment will, typically, be slightly higher than an FMV rate, but at
lease termination, the lessee must pay a pre-determined buyout price of 10% of the total equipment cost. This "middle ground" lease is designed for a
lessee looking to buy the equipment at lease termination, with monthly payments not as high as the $1 Purchase Option.
End of lease 10% purchase options include: purchasing the equipment for 10% of the original equipment cost; continuing the lease on a monthly basis; trading up to a new lease/equipment.
$1 Purchase Option
The $1 Purchase Option lease provides the highest monthly payment. While the lessee's payment will be noticeably higher than FMV & 10% purchase Options, at lease
termination, the lessee essentially owns the equipment, purchasing it for $1. Quite obviously, this type of lease is for customer's looking to own equipment at end of lease.
End of lease $1 purchase options include: purchasing the equipment for the $1 purchase option price; or returning the equipment to GSG.
We can also offer variations on these leases such as skip, step and seasonal leases.
We pride ourselves on flexibility, so call today with any questions (Toll Free: 877-474-0470).
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