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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.