I work for an independent leasing company that specializes in FMV leases and hear your complaint about captive lease programs on a daily basis. FMV leases are a good idea if you know your going to upgrade your hardware at the end of the term i.e. 24-36 months. It is designed for companies who need the latest and greatest and who plan on returning the equipment. If your simply looking for the lowest out of pocket price go another route ($1-out, Pro Lease, 10% Put, Etc). The buyout should be whatever the market for that used piece of equipment is. Unfortunately the big guys inflate that value. If you have any other questions I can try and point you in the right direction.
We leased a Dell 5150 with a "fair market value" buy out 2 years ago. Dell now says the "fair market value" on the 2 year old lap top is $1200.00. They "told" us, not in writing of course, that at the end of the lease "fair market value" would be about 10% of the original purchase price. I'm sending the 5150 back, eating the loss and taking all my small business business elsewhere, but am curious if anyone else has had any experience with this B.S....

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