Standard FMV Lease
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Executech Lease Group’s Fair Market Value (FMV) purchase option is standard to the point-of-sale industry, and is used with a credit card processing swipe machine, check imaging, ATM's, POS systems or other small ticket equipment. At the end of the lease, the merchant has three choices:
- Return the equipment to Executech Lease Group
- Continue to rent the equipment
- Purchase the equipment for “Fair Market Value*”
- Highest return to the sales organization
- Possible tax benefits to the customer
- The ability for the merchant to continue to use equipment while considering new options
* Within Executech Lease Group’s lease document, fair market value is deemed to be not less than 25% of the aggregate lease payments on a 12-month lease, 20% of the aggregate payments on a 24-month lease, 15% of the aggregate payments on a 36-month lease and 10% of the aggregate payments on a 48- or 60-month lease.
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