A $1 buyout lease, on the other hand, is designed for businesses that want to own the equipment eventually. With this type of lease, you make higher monthly payments, but at the end of the lease, you can purchase the printer for just $1.
Pros of $1 Buyout Leases:
Cons of $1 Buyout Leases:
Key Differences Between FMV and $1 Buyout Leases
Feature
FMV Lease
$1 Buyout Lease
Monthly Payment
Lower
Higher
Ownership
Optional (at fair market value)
Guaranteed for $1
Flexibility
High (upgrade easily)
Low (committed to ownership)
End-of-Term Options
Return, buy, or upgrade
Own the printer
What Do Most of Our Customers Choose?
From our experience, the majority of our customers opt for the FMV lease over the $1 buyout. Why? It offers flexibility at the end of the term, allowing them to upgrade to newer equipment and technology with little to no increase in monthly costs.
This approach also helps minimize downtime. As printers age, service and maintenance issues tend to crop up more frequently, much like a vehicle. Just as an older car or truck with high mileage requires more preventative maintenance to keep running efficiently, aging printers often need more attention to maintain peak performance. By upgrading through an FMV lease, our customers avoid these headaches and ensure their operations run smoothly.
Which Lease is Right for You?
Choosing between an FMV and $1 buyout lease depends on your business priorities. Here are a few questions to consider:
Conclusion
Both FMV and $1 buyout leases offer unique advantages depending on your business’s needs. An FMV lease provides flexibility and lower payments, while a $1 buyout lease guarantees ownership. Carefully evaluate your goals, budget, and equipment usage before deciding.
Need help choosing the right lease? Contact us today for personalized advice and explore our range of printer leasing options tailored to your business! We can be reached by emailing GetAQuote@Logicopy.com or calling (760) - 438-8000, you can also submit a quote request on our website www.Logicopy.com.