$1.00 Purchase Option
This option allows the Lessee to buy the equipment at the end of the lease for a nominal $1.00. This is often a good choice for companies that intend to keep the equipment at the end of the lease. This is also commonly called a "Capital Lease".

10% Purchase Option
At the end of the lease term, the Lessee may buy the equipment for 10% of the original equipment cost. A key benefit of this structure is that it offers a lower monthly payment than with a $1.00 buyout, because of the small 10% "balloon payment" at the end.

Fair Market Value(FMV) Purchase Option
True leases offer significantly lower payments than all other options. The reason is that the Lessor owns the equipment and gets to depreciate it for tax purposes. The Lessor typically has a high tax bracket, so the economic value of the depreciation gets passed back to the Lessee in the form of lower payments and interest rates. Very often this structure also meets the "Operating Lease" criteria for off-balance-sheet accounting treatment.