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Sunbelt Lessors Operating Lease FASB13

The Sunbelt Lessors FASB13 operating lease has very stringent requirements and is generally applicable to equipment that becomes obsolete quickly.

FASB13 operating leases usually have purchase options of 10 percent, 20 percent, or fair market value. At the end of the lease, you have the option to send the equipment back or purchase it for the stated purchase option.

The Sunbelt Lessors FASB13 operating lease advantages include:

  • Low monthly payments: In most cases the payment for the lease term is less than 90% of the original equipment cost.
  • Tax benefits: Payments can be written off as an operating expense for tax and accounting purposes.
  • Off balance sheet treatment possible.
  • Minimizes risk of ownership.

End of term options include:

  • Purchase of the equipment for stated purchase option
  • Renewal of the lease
  • Return of the equipment

To learn more about the Sunbelt Lessors FASB13 operating lease, click here, or call your Sunbelt Lessors representative at 800-588-5377 today!