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We invite you to utilize our automated quoting system to provide you with an approximate monthly lease payment.
Please note that all payments quoted are approximate and will be greater or less depending on the individual
credit situation. This calculator is designed to provide a quote to businesses at least 2 years old. If your
business is less than 2 years old please call (800) 438-1470 for a custom quote.
The lease calculator will automatically quote an approximate lease payment for a term from 24 to 60 months.
Please note that the calculator provides a quote for the three most common lease purchase options; Fair Market
Value (FMV), 10%, and $1.00*.
ILS offers many structured programs as well. Please contact ILS for specific payment structures at (800)
438-1470. Please note, the Lease Calculator does not substitute for a real-time lease evaluation by a member
of the ILS staff.
*Fair Market Value (FMV) - You have the option to purchase the equipment under lease at the end of the lease
term for a portion of the original equipment cost based upon its then Fair Market Value. This cost will range
anywhere from 8-30% of the original equipment cost based upon the age and marketability of the equipment.
This lease option is usually preferred for equipment that depreciates rapidly.
*10% Option - The equipment can be purchased at the end of the lease for 10% of its original cost. This lease
structure is favored by customers who are fairly certain they want to own the equipment at the end of the lease
term and want an established purchase option.
*$1.00 Option - This lease structure offers the lessee the option to purchase the equipment at the end of the
lease term for $1.00. This lease structure is favored by customers that are confident they will want to own
the equipment at the end of the lease term.
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