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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
deprecation and
interest expense deductions in lieu of an operating expense
deduction. We offer two types
of Finance Leases: the 10%
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purchase option lease, and the $1
purchase option lease.
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:
ü
Replace equipment with the latest technology (and
enter into a new lease agreement)
ü
Purchase the equipment for 10% of the original
financed amount
ü
Return the equipment to the lessor
$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:
ü
Replace equipment with the latest technology (and
enter into a new lease agreement)
ü
Purchase the equipment for $1
ü
Return the
equipment to the lessor
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