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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.

Last Updated:  November 17, 2020