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For a Lease Application, Click Here to Open and Print Form
Capital Lease
A Lease Purchase or Finance Lease is a transaction in which the equipment can be purchased for a very
low prearranged price at the end of the lease term. These leases can be arranged with purchase options or
with purchase agreements. Depreciation benefits are typically passed to the lessee/customer.
Operating Lease
An Operating Lease is a transaction in which the equipment can be purchased for a prearranged price at
the end of the lease term. Lessee/customer can take the depreciation, and, in many cases, write off
the entire payment (MRI recommends that you consult with your tax advisor).
Tax Lease
The Tax Lease purchase options can be structured as either Fair Market Value (FMV), Capped, or provide
for an Early Buyout Option (EBO). Under a Tax Lease, the lessor retains the depreciation and the lessee
receives the benefit of lower lease payments.
Loan
Equipment Loans are notes and security agreements through which MRI finances your purchase of equipment
on a fixed rate basis. Our customers are entitled to the depreciation and an interest write-off.
ASSET PROTECTION PROGRAM
Hartford extended warranty's provides excellent protection from expensive repair costs incurred from
either accidental damage that occurs after the warranty period has expired or from damage caused by
operator error.
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