How Do You Calculate A Lease On Camera Equipment?
Leasing camera equipment differs slightly from a rental agreement, sometimes making a lease the better business option. Most camera rentals offer the use of equipment over a fixed time for a price. At the end of the rental agreement, the user returns the gear. A lease is typically a long-term contract with the option of buying the equipment at the end. Calculating a lease on camera equipment requires full understanding of the contract terms. Step 1 Review the lease terms and monthly payments. The basic cost of a lease will be the amount of the monthly payment multiplied by the number of months in the contract. For example, a camera lens might lease for $25 per month for a 24-month term, which would cost $600. Step 2 Add any fees or surcharges listed in the contract. Examples include an origination fee, which is basically a payment to the person or company that prepares the contract, and buy-out terms, which outline the cost of purchasing the leased equipment at the end of the contract.
Leasing camera equipment differs slightly from a rental agreement, sometimes making a lease the better business option. Most camera rentals offer the use of equipment over a fixed time for a price. At the end of the rental agreement, the user returns the gear. A lease is typically a long-term contract with the option of buying the equipment at the end. Calculating a lease on camera equipment requires full understanding of the contract terms. Review the lease terms and monthly payments. The basic cost of a lease will be the amount of the monthly payment multiplied by the number of months in the contract. For example, a camera lens might lease for $25 per month for a 24-month term, which would cost $600. Add any fees or surcharges listed in the contract. Examples include an origination fee, which is basically a payment to the person or company that prepares the contract, and buy-out terms, which outline the cost of purchasing the leased equipment at the end of the contract. Compare the f
