It’s in the Fine Print
The “Gotchas” in your equipment leases will get you every time. The “Gotchas” in your equipment leases will get you every time.
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Leases will not indicate the interest rate or total financing cost. End-of-lease options may not be easy to decipher and can be ambiguous. Surprises or Gotchas can increase the total finance cost by 10 to 20 percent of the equipment purchase price. Sometimes maintenance agreements built into the lease contract add unexpected cost add-ons too.
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Mary A. Redmond
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