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LEASE TO OWN
OPTIONS True Lease
A true, or fair market value, lease has a purchase option that
is equal to the equipment's fair market value. In other words,
you will have the option to purchase the equipment at the end
of the term for its then fair market value, return the
equipment, or continue to lease. One Dollar
Purchase Option This is our most popular
lease to own plan. A one dollar purchase option plan, also
known as a “dollar out” lease is exactly as it sounds. You
will have the option to purchase the equipment at the end of
the term for one dollar. This is a capital lease.
10% Purchase Option Much like the $1.00
Purchase Option, this plan is also considered a capital lease.
This plan, however, allows you to defer 10% of the cost till
the end of the term. Operating Lease
A true operating lease is a very special type of lease that
MUST conform to very stringent tests by the FASB to qualify.
The primary purpose of an operating lease is to keep the
transaction as an "off balance sheet" transaction and to treat
the lease as an operating expense ONLY. This
type of lease will only be available for transactions above
$100,000. Also, an operating lease will not easily be able to
include a high percentage of soft costs.
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When other
methods of financing aren't an option, take advantage of
our Layaway Plan.
$1000.00 down
will hold the current pricing on your CRS
System. All deposits are non-refundable. |
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