This option is a true lease where the lessor owns the equipment during the lease term and it creates a lower monthly payment that can be expensed by the lessee.
At the end of the lease, lessee may:
This option is a fixed purchase option lease where at the end of the lease, the lessee may:
This option is full payout financing - a contract to purchase the equipment; lessee may be entitled to the tax benefits associated with ownership. At the end of the lease term, the title to the equipment passes to the lessee.
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