Negotiated Options (should be discussed at the beginning of a leasing contract):

• Purchase the equipment at any time prior to the end of your lease term
• Purchase the equipment for fair market value or a predetermined price at the end of the lease period
• Purchase the equipment after 1 year for principal only (must qualify at lease inception)
• Continue to rent the equipment month-to-month after the lease period ends
• Upgrade to newer equipment and enter into a new lease agreement