Q:

In the copier industry there's basically two types of leases used: FMV and $1 Buyout. What is the difference?

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3
A:

FMV or Fair Market Value has a residual amount usually 10-15% of the original purchase price that will be due at the end of the lease whether you want to upgrade or return the copier. The $1 Buyout has a higher monthly expense and there is no residual due at the end of the lease.  You can pay the $1 and own the copier outright at the end of the lease.

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