The major difference between Lease Purchase structure and the Operating lease is that the lease equipment becomes your property at the end of the Lease Purchase contract having paid a minimal fee called the residual value.
Every other benefit as highlighted in the Operating lease structure is also accrued to the Lease Purchase option.
The Lease Purchase structure takes into consideration the fair market value of the equipment at the end of the contract and leaves you with the option of owning the asset.
This is a fantastic opportunity to update your asset base with current models or latest techniques in the history of rapid technological change and innovation of modern equipment.
