What is the Fair Market Value Lease (FMV)?
You acquire the equipment for a fixed monthly payment. There is no minimum or maximum lease amount (subject to credit). At the end of the lease term you have the following options: • Renew the lease for 12 months at the existing payment after which you own the equipment. • Purchase the equipment for a mutually agreed upon price not to exceed 20% of the amount financed. • Return the equipment and replace the lease.
