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Full amortization contract
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40%-90% of the asset's estimated useful life.
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Full amortization of the acquisition cost plus interest, costs, profit.
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No option.Option to buy.Option to extend the lease contract.
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Partial amortization contract
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40%-90% of the asset's estimated useful life.
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Partial amortization of the acquisition cost plus interest, costs, profit. The asset is sold for its residual value after termination of the contract.
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PUT (purchase on termination) option. Payment of difference between sales-price under calculated residual value. Up to 75% of any extra proceeds generated by the sale of the asset.
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Terminable contract
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Unlimited. Contract can only be terminated after 40%-90% of the asset's estimated useful life. Contract can continue after the asset's estimated useful life expires. Terms extending beyond the asset's estimated useful life are also possible.
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Full amortisation of the acquisition cost plus interest, costs, profit. Final payments are due on individual contract termination dates.
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Up to of 90% of the sales price of the asset is credited against the final payment.
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