End Of Lease Options
When the lease ends, you are normally
presented with various options. The lease contracts
can stipulate that you:
- Return the asset
- Have the right to act as an agent to sell the asset
to an independent third party
- Renew the contract (normally at a reduced cost)
or enter into secondary periods
It is important to anticipate now your future needs,
as each of the options mentioned has its advantages
and disadvantages that will affect your monthly payments.
If you feel you need help, seek professional advice,
as getting it right now will save many pennies in the
future.
|
|
|
Asset
Financing Guide
