Q. Why does the web address print on the Lease Quote?
|
A. Please see the "Printing Tips" section to learn how to disable headers and footers from printing.
|
Q. Can I save the Lease Quote as a Microsoft Word Document?
|
A. If you would like to save the quote to a file, simply select all of the text, copy it to the clipboard, and then paste it into the program of your choice.
|
Q. What is a PRO/FMV Lease?
|
A. PRO/FMV - Purchase or Renewal Option (PRO): Under this lease, at the end of the lease term, the Customer will have the option to purchase all of the equipment for its then pre-estimated fair market value (i.e. 25% at 36 months, 22.5% at 48 months, 20% at 60 months, and 17.5% at 72 months); if the Customer does not exercise this option, the Lease will automatically renew for a period of twelve (12) months. At the end of the 12-month renewal the Customer can purchase the equipment at the then FMV.
|
Q. What is a Fair Market Value Purchase Option?
|
A. After all regular lease payments are made, including taxes, late charges or other charges, the Customer will have the option to (1) purchase all the equipment for its then fair market value or (2) re-lease the equipment on a month-to-month or annual basis or (3) return the equipment to the Lessor. FMV rates apply only to new equipment and assume a maximum of 25% soft costs (i.e. labor, software, etc.).
|
Q. What is a 10% Purchase Option?
|
A. After all regular lease payments are made, including taxes, late charges or other charges, the Customer will have the option to (1) purchase all the equipment for 10% of the Total Equipment Cost, or (2) re-lease the equipment on a month-to-month or annual basis or (3) return the equipment to the Lessor. 10% Purchase rates apply only to new equipment and assume a maximum of 25% soft costs (i.e. labor, software, etc.).
|
Q. What is a $1 Purchase Option?
|
A. After all regular lease payments are made, the Customer will have the option to make one (1) final payment equal to $1, after which the Lessor will transfer all right, title and interest in the equipment to the Customer.
|
 Top
|
