DOES IT MEAN I OWN IT IN FIVE YEARS?
I agree 100 percent with Anita. Also look to answer the following questions:
• Do any of the lease payments go towards the purchase price?
• How is the purchase price calculated at the end of the lease?
• Can you extend the lease and if so what happens to the purchase price/option?
• Once you exercise the option to purchase, how much time do you have to close?
• If you miss a lease payment, do you have a period to reinstate the lease?
Good Luck! Chris
Mar 28, 2017