Purchase Options

Operating Lease - Fair Market Value 

This lets you lease equipment, with the option to either purchase it at fair market value at the end of the lease, renew or return it. This type will have the lowest monthly payments but the highest interest rates because the lessor has an increased risk of having to find another renter for the equipment. 

Finance/Capital Lease - 10% Purchase 

This allows the borrower to make payments and have the option to purchase the equipment for 10% of its initial value at the end of the lease. However, the borrower would also have the option to walk away at the end of the lease, forgoing the 10% buyout and returning the equipment. 

Finance/Capital Lease - $1 Buyout 

Similar to an equipment loan, borrowers make payments to lease the equipment and, at the end of the lease, have the option to purchase the equipment for $1. Interest rates will typically be the lowest with this type of lease, and it should be used when you’re sure you want to own the equipment at the end of the lease.  

Rent

By renting, the user only pays for equipment when it is needed reducing the ongoing costs that come with equipment ownership, including maintenance, in-service inspections, repairs, transportation, and storage.