Ending Your Lease

Lease terms range anywhere from 6 to 120 months, although the majority fall between 12 and 60 months.

The lease term that you decide upon will depend heavily on what you decide to do with the equipment at the end of your lease. Usually, you have four choices. You can:

• return the equipment to the lessor with no future obligation.
• renew the lease.
• purchase the equipment for a nominal fee or fixed price agreed upon at the lease inception.
• purchase the equipment at fair market value.