Compare features of rentals, leases, and lease-purchase plans.
- Straight Rentals: No interest, set term or equipment purchase
- Term Rentals and Leases: Includes Leases < $100,000 (set term), Leases > $100,000 (set term), and Capital Lease > $100,000 (non-cancellable) with or without purchase option.
- Contract includes begin and end dates and is usually financed (vendor's amortization schedule required)
- Consult Equipment Administration if lease is > $100,000 at eq.administration@ucsc.edu.
- Lease-Purchase (Installment Purchase): Supplier Financed or Third-Party Financed
