Posted 3/9/2012 10:45 (#2277381 - in reply to #2277340) Subject: RE: Lease versus buy
West Union, Illinois
bike across Iowa - ... End of Lease, Equipment is yours.
Things may have changed since I was the one leasing things to customers, but my understanding is if there is a specified buy-out other than fair market value (including $0.00) the IRS does not consider it a true lease. The IRS view is it a contract to purchase and the equipment will be depreciated.