Compare an equipment loan, a $1 buyout lease (same amortization math as a loan to full cost), and an FMV lease payment you enter from a quote. Tax treatment differs — see our $1 buyout vs FMV guide. Not a quote from LoanHelp or any lender.
- Equipment loan
- $1,477/mo
- Total paid over term (incl. down): $96,631
- $1 buyout lease (same math as full payout)
- $1,477/mo
- Nominal $1 at end — confirm residual language on your lease.
- FMV operating lease (your input)
- $1,050/mo
- Total lease payments: $63,000. FMV leases usually return the asset or renew at fair market value — you do not automatically own the machine for $1.
Illustrative example only. Lenders and lessors set rates, fees, and tax classification. LoanHelp does not approve or arrange financing.