Real-World Equipment Leasing Prices from BuyerZone Buyers
We regularly survey BuyerZone users to ask how their purchases went. We've used their responses to provide a sampling of actual rates paid for equipment leasing.
Leasing companies typically offer two types of equipment lease financing: true and finance.
- True leases: This financing option allows you to either walk away from the equipment at the end of the lease or buy it at fair market value. True lease payments are typically lower than finance leases because the equipment maintains resell value.
- Finance leases: Best for when you plan to keep the equipment at the end of your leasing term, typically for a nominal fee ($1). Payments are typically higher because you get to own the equipment outright when your lease ends.
Leasing providers will work with you to determine the term of your lease agreement. The terms of the lease typically depends on whether you intend to keep or return the equipment at lease's end.
True lease prices
"We obtained loan approval on $100,000 of the $155,000 we were seeking from our County EDC at 5% - 10 year amortization and a 5-year balloon with 6 months of no payments or interest. As a start up, we think it will be easier to obtain the balance from lease companies working with the actual equipment suppliers." - Financial analyst, Hillman, Michigan
"$570/mo for 48 months, included everything we ordered and accessories." - General contractor, Downingtown, Pennsylvania
"Leased computer networking equipment - 9.8%." - CFO, Irvine, California
"$20,000 at 8.25%." - Construction principal, Saint Marys, Pennsylvania
"$150/month for copier and $28/month for service, toner, and supplies." - General contractor, Denver, Colorado
"$92,900 S&S Cadillac Hearse - Walk-away lease with residual of $41,800 - 5-years/5.8% rate." - CEO, Overland, Missouri
"Apple computer server - $270 per month for 36 months." - Advertising executive, Ann Arbor, Michigan
"$323/month for $15,000." - Health care partner, Wickliffe, Ohio
"Interest on this product ($122,000) was 4.80%, much cheaper than I could get at a bank in the present conditions." - Environmental worker, Newell, West Virginia
"$7,500 phone system plus installation - 8.9% financing." - Retail owner, Fresno, California
Finance lease prices
"I accepted my bank's equipment lease loan, 60-month, 8.9% with buyout of loan in 30-36-40-46-52-60 monthly options." - Mortgage broker, Minden, Nevada
"$1,709/mo. 60 mo, $101 buyout on $84,500 purchase (excluding tax & freight)." - Manufacturer, Los Angeles, California
"Borrowed $38,000 at 7%." - Office manager, Fountain Inn, South Carolina
"A 2000 All Aluminum East Flatbed Trailer. Financed $15,000 at 9% for 5 yrs." - Truck driver, York, Pennsylvania
"$0 down and interest is 6.25%." - Purchasing manager, Canton, North Carolina
"Lower rate of 4.75%." - Food service owner, Bristol, New Hampshire
"$14,000 over term for a $9,000 worth of equipment, early payoff penalty." - Massage therapist, Springfield, Missouri
"$20,000 at 7% interest." - Agriculturist, Galt, California
"5.5% interest rate - no document fees - nothing down." - Transportation CEO, Beatrice, Nebraska
"8.76% for a lathe and mill." - Manufacturer, Kirkwood, New York
Want more information on equipment leasing rates and how to choose a vendor? Read our Equipment Leasing Buyer's Guide.
Information was provided by BuyerZone users. Quotes have been edited for clarity only.Ready to Compare Equipment Leasing Price Quotes?