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What is the interest rate in a typical lease?

Interest rate lease
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What is the interest rate in a typical lease?

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Since you are leasing and not taking out a bank loan to finance your purchase, there is no “interest rate” in the traditional sense. It’s more like leasing office space. You’re paying to rent the equipment, and the monthly payment is based on the type of leasing plan you choose, the terms of the lease, and the cost of the equipment.

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