Obtain a low payment with an end of lease purchase option not to exceed the fair market value of the equipment. This type of lease can have significant tax advantages.

This lease type entitles you to the benefits of ownership, such as interest and depreciation deductions. After all the lease payments are made, you can purchase the equipment for $1.00.

At the end of the initial lease term the option to purchase is fixed at 10% of the original cost, allowing for lower monthly lease payments and a predictable cost of purchase.

A balloon lease allows for a commitment to a guaranteed purchase price. This is beneficial where the value of the equipment is strong and you want to leverage that value in order to keep your monthly payments lower.

Some equipment requires time to realize its value. A step lease allows lower monthly payments for an initial period, then "steps up" to the normal payment for the remainder of the lease term. This type of lease is ideal for equipment that has a longer training period or might generate a higher level of revenue at a later date.

This lease requires no payments for a specific period of time. For example, the lease may have no payments for the first 60 or 90 days.

This type of lease requires no payments or reduced payments for a specific period of time each year. The lease is structured to benefit those who have a seasonal business.

As you require upgrades for additional equipment or a larger system, leasing provides the flexibility to meet those needs. This can include:

• Providing additional schedules to the master lease agreement on a continuous basis
• Providing the schedules for an existing purchase option or a $1.00 purchase option
• Terminating the current lease schedule, and writing a new schedule for the cost of replacement equipment plus the balance of the original leased equipment

Generally, any governmental organization (city, county, state, special district or authority), including certain schools, universities, hospitals, fire districts, water districts and housing authorities, is eligible for a municipal lease. Such entities are usually tax exempt. Municipal leases contain special clauses that allow for cancellation of the lease if the municipality does not receive its necessary funding. Municipal leases include a $1.00 purchase option.

• K-12 and higher education institutions can utilize leasing for solutions involving various educational equipment needs. Popular leasing solutions include technology refresh, upgrade options and competitive trade-in features.
• State and local governments will find lease financing solutions a convenient way to create budget-able and manageable technology payments. They can acquire an entire technology platform now and pay for it over a fixed period of time.
• In addition, United States federal agencies can obtain convenient and flexible financing for their technology needs today and in the future.