True
Equipment leasing companies give you several choices. You do not own the merchandise during the term of the contract but are responsible for insurance, maintenance and all other costs of ownership. At the end of the contract, you have the option to buy, re-lease or return the merchandise to the owner. Oftentimes if you choose to buy, whatever has been paid through the rental goes towards the total purchase price. Returning the merchandise in the same condition received is important. This will allow you to avoid any penalties or additional charges. |