What are my options at the end of the lease?

Leases typically have a variety of end-of-term options. These options will be listed in the agreement and will include one or more of the following:

• Return the equipment
• Extend the lease
• Purchase the equipment for fair market value or residual value

It is always prudent to plan your end of lease options in advance to avoid surprises or inconvenience later on.

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Last Updated:  November 17, 2020