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 60 months.