Buyout/Purchase Options

Buyout/Purchase options are determined prior to the inception of the lease. They outline the customer's final financial obligations at the end of the lease. Leasing provides a number of options for purchasing your equipment, including:

Fair Market Value (FMV) Purchase Option
At the end of term, you usually have the following options:

• Purchase the equipment for its then Fair Market Value
• Extend the lease for a pre-determined length of time (this will be specified in your lease contract)
• Return the equipment at the end of term (please check your lease documents to see if this is one of the options) Please note that some leasing companies require you to enter into a new lease agreement of equal or greater value if you choose this option.

Fair Market Value (FMV) Purchase
At the end of term you are obligated to purchase the equipment for its then Fair Market Value.

10% Option
At the end of term, you usually have the following options:

• Purchase the equipment for 10% of its original purchase price
• Extend the lease for a pre-determined length of time (this will be specified in your lease contract)
• Return the equipment at end of term (please check your lease documents to see if this is one of the options) Please note that some leasing companies require you to enter into a new lease agreement of equal or greater value if you choose this option.

You are often required to give written notice of the option you wish to select prior to the end of term. Please review your lease agreement to understand the timing of this written notice

10% Put
At the end of the lease term you are obligated to purchase the equipment for 10% of its original purchase price.

$1 Buyout
The customer purchases the equipment for $1 at the end of a capital lease and title to the equipment is transferred from the leasing company to the customer.

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Last modified: April 17, 2010