Does Mesa Leasing write $1 buy out leases?
We no longer write $1 buyout leases. Instead we write standard term leases for 12, 24, 36, 48, and 60 months but treat the last three months payments as the payoff. In the case of a 36 month contract, we would write a lease for 33 months with a payoff equal to three more payments for a total of 36.