What is a $1 Buyout Lease?

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:

  • You own the printer at the end of the lease, essentially “buying” it over time.
  • Ideal for businesses that intend to keep the equipment for the long term.

Cons of $1 Buyout Leases:

  • Higher monthly payments compared to FMV leases.
  • Less flexibility if you want to upgrade to new technology during the lease term.

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:

  • How often do you upgrade your printers? If you frequently need the latest technology, an FMV lease might be better for you.
  • Do you prioritize lower monthly payments or eventual ownership? For cost-conscious businesses, FMV leases are more affordable upfront, while $1 buyout leases are better for those planning to own their equipment.
  • What’s your budget for technology investments? If your business can afford higher monthly payments, a $1 buyout lease offers long-term value through ownership.

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.

Published On

April 1, 2025

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