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"ANY-TERM" LEASES
Example
Assume that you need important equipment with a
purchase price of $25,960.00 and you have an $800.00
firm monthly payment budget.36 months at 8.5% would
be $819.49. Banks and leasing companies offering
only standard terms would then quote payments for 48
months. A 48 month payment is of course below the
$800.00 budgeted, but you would pay dearly in
unnecessary extra interest for the extra payments.
This
is where NLFC's "Any-Term" lease option
is perfect for achieving the desired payment.
Remember, you needed an $800.00 monthly payment. A 37-month
lease would save 11 payments and conform exactly to
your $800.00 monthly budgeted payment. Your
out-of-pocket savings on a 37 month lease vs. the 48
month lease is $1,113.76.
NLFC
"Any Term Leases" can be for up to 63 months.
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