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No, having an equipment lease does not include a compound interest rate that is usually associated with bank loans. Once you set off your lease, you have got a fixed monthly rate (based totally on lease terms, corporate pay records, business and personal credit, time in business, and so on.) and will not change all through your lease term.

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βˆ™ 8y ago
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βˆ™ 8y ago

Depending on the owner of a leasing companies repayment schedule, interest may be applied to the cost of what the leased equipment may cost. However, in may cases the payments for leased equipment including vehicles are done usually on a per day basis.

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Q: Do Equipment Leases Have Interest Rates?
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