Buyout

The buyout is the amount of money owed at the end of a lease agreement if you choose to purchase the copier instead of returning it. Lease types have different buyout structures: Fair Market Value (FMV) leases typically have a 10% buyout option, while $1 buyout leases allow purchase for one dollar at lease end. Capital leases may have predetermined buyout amounts. Understanding buyout terms is important when choosing lease types, especially if you plan to keep equipment long-term or have specific ownership requirements.