Types of Leases

                                                                                                     

• Fair Market Value (Operating Lease) - For companies uncertain about purchasing, this plan offers various options during and at the termination of the lease agreement. The plan is particularly beneficial for companies desiring a small security deposit and a relatively low monthly payment. At the end of the lease term, the lessee has the option to extend the term of the lease, return the art, or buy the art at its fair market value. Fine Art Leasing Intl offers financing for purchase of the art at the termination of the lease agreement. An Operating Lease may allow for the lease payments to be included as operating expenses (in the case of non-purchase) or for capital costs to be deferred to the end of the lease, when a decision to retain or change the art can be made.

• $1.00 Buy-Out - The recommended plan for companies fairly certain they wish to purchase the art at the end of the lease agreement. At the end of the lease term, the art is purchased for $1.00. 

• 10% Security Deposit Plan - This program offers the lowest monthly payment with a security deposit of 10% (of the price of the art.) End-of-lease options are available as follows:

             The deposit can be applied to the purchase price of the art;
             Extend the term of the lease; or,
             The art can be returned and the deposit refunded.

• 10% Purchase Option Plan - This plan offers the lessee a fixed purchase option at the end of the lease term. End-of-lease options are as follows:

            Extend the term of the lease;
            Return the art; or,
            Buy it at 10% of the original Fair Market Value.



Fine Art Leasing International offers financing for purchase options.