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.
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).
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.
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.