$1.00 Buyout Lease
Allows you to own the equipment at the end of the term of the lease.

Tax Lease/True Lease
Tax leases or true leases are leases for which the lessor retains ownership and you as the lessee may be allowed to claim the entire amount of the monthly investment as a tax deduction. Many rental contracts qualify as a true lease.

10% Purchase Option Lease
Allows you to either purchase the equipment at the end of the term for 10% the original cost of the equipment, or return the equipment to the finance company.

Fair Market Value Lease (FMV)
When the term is completed, you can either purchase the equipment for the fair market value, or return the equipment to the finance company.

Finance Lease
Finance leases qualify for IRS Section 179 deductions in their year of inception.

The federal government provides incentives for businesses to purchase new equipment through IRS Section 179. Under IRS Section 179, businesses that spend less than $410,00 a year n qualified equipment or property can write off up to $102,000 in 2005. Companies can not write off more than their taxable income.

Example: You lease a truckmount at a cost of $20,000 and installed it this year. Using IRS Section 179, and assuming a 33% tax bracket, your tax savings would be $6,600.*

Section 179 Calculation: $20,000 x .33 = $6,600

*Check with your accountant or tax advisor. Or visits www.irs.gov and reference form 4562.

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