FANDOM


Definition Edit

An equipment lease is an agreement under which one party buys and owns the equipment and then rents the equipment to another party at a fixed monthly rate for a specified number of months. At the end of the lease, the renter may purchase the equipment for its fair market value (or a fixed or predetermined amount), continue leasing it, lease new equipment or return the equipment.

Ad blocker interference detected!


Wikia is a free-to-use site that makes money from advertising. We have a modified experience for viewers using ad blockers

Wikia is not accessible if you’ve made further modifications. Remove the custom ad blocker rule(s) and the page will load as expected.