DQ3C - lease contract . For a computer for your personal...

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What is a lease? Why would you choose to lease a capital item verses buy? What steps would you follow to decide whether to lease or buy a computer system? A lease is a legally enforceable contract which defines the relationship between an owner, the lessor , and a renter, the lessee . A typical lease spells out all of the terms involved in a land or merchandise rental agreement, including the length of time a lessee may use it and what condition it must be in upon return to the lessor . The amount of payments and any financial penalties for late payments may also be included in a
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Unformatted text preview: lease contract . For a computer for your personal use, the choice should be really easy. Buy one. It'll cost about $500. You would struggle to pay $1000 for a PC these days. If it is for a company, the answer could be very different, especially for a small business. You want computers to work and you don't want to pay for either an IT person or do it yourself, then you can lease a system where someone else takes care of it. You'll pay a little more, but it will probably be worth it....
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This note was uploaded on 04/11/2011 for the course FIN 370 taught by Professor Unknown during the Spring '08 term at University of Phoenix.

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