CLS invites you to utilize our automated quoting system to provide you with an approximate monthly lease payment. To use the calculator, please type in the cost of the equipment you would like to lease and click on "calculate". Please note that all payments quoted are approximate and will be greater or less depending on the individual credit situation.

 

The lease calculator will automatically quote you an approximate lease payment for a term from 24 to 60 months. Please note that the calculator provides a quote for the three most common lease purchase options; Fair Market Value (FMV), 10%, and $1.00.

 

Please see the explanation at the bottom of this
page for further information on purchase options.

 

 

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Fair Market Value (FMV) - The lessee has the option to purchase the equipment under lease at the end of the lease term for a portion of the original equipment cost based upon it's then Fair Market Value. This cost will range anywhere from 8-20% of the original equipment cost based upon the age and marketability of the equipment. This lease option is usually preferred for equipment such as computers that depreciate rapidly.

 

10% Option - The equipment can be purchased at the end of the lease for 10% of its original cost. This lease structure is favored by customers who are fairly certain they want to own the equipment at the end of the lease term and want an established purchase option.

 

$1.00 Option - This lease structure offers the lessee the option to purchase the equipment at the end of the lease term for $1.00. This lease structure is favored by customers that are confident they will want to own the equipment at the end of the lease term (also required on software leases).