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Equipment costs can be a serious burden for a business. Many businesses opt to lease equipment as opposed to making a large cash investment. There are many lease options available that also give leases the option to buy the item at the end of the lease term. This lets startup businesses make sure they will be able to sustain the business before buying equipment. It allows businesses to work with equipment to make sure it is a good fit before deciding to buy. One of these lease to own options is the dollar buy out lease.
This option lets buyer purchase the equipment for just one dollar at the expiration of the lease agreement. Depending on the type of equipment, how much it was used and its general condition, this can be a fantastic deal for the buyer. As with any type of contract, make sure you read the terms and conditions of the contract carefully before signing it.
Read up on the concept of a dollar buy out lease and other lease options before you make a business decision you'll be living with for a long time. The articles and links at Business.com can help you make an educated decision and help you find leasers who work with this type of transaction.