Traditional Lease with a Fair Market Value (FMV) Purchase Option

Commonly referred to as an operating lease. Payments are 100% tax deductible. At the conclusion of the Lease Term, the Lessee is given the option to RETURN the equipment OR PURCHASE the equipment for its then Fair Market Value.

Lease to Own. Otherwise know as a Finance Lease or One dollar purchase option 

At the conclusion of the lease term, the ownership of the equipment is automatically transferred to the Lessee. This option has become popular with the increases in deductible amounts offered through Section 179.

Municipal Lease 

This applies to each city, county, state or federal government entity and/or their agencies such as Law enforcement, Fire Departments, School Districts, Hospitals, Colleges and State Universities. It allows municipal entities to acquire essential equipment and maximize their budget for today's needs as well as tomorrow's. This type of lease is more aggressively priced because of the tax free rate that is given to the municipality.

TRAC Lease (Terminal Rental Adjustment Clause) 

An operating lease used for trucks and licensed commercial vehicles that contains a higher, predetermined purchase option at the conclusion of the term. A TRAC lease allows the Lessor to offer a lower rental (lease) rate because the Lessee is able to claim the depreciation on the equipment.

Sale Lease Back 

Sale of equipment already listed on Lessee's balance sheet to Lessor which in turn lease the equipment back to the Lessee. This provides a capital infusion to the Lessee and possibly removes debt from their balance sheet.