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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 the NLFC "Any-Term" lease option is perfect for
achieving your exact targeted payment. Remember,
your budget is $800.00 per month. The rate would be
the same but NLFC would provide a 37-month lease,
saving 11 payments and exactly conforming to your
budget.
NLFC
"Any Term Leases" can be for up to 63 months.
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