No. In reality, a Lease Contract with a $1.00 buyout and a Finance Contract are the same cost- wise other than an additional $1.00 at the end of the term in a Lease Contract. The term “Lease” is used so there is no confusion on who actually owns the equipment. With a Lease, the leasing company owns the machine and is leasing the equipment to the customer “Lessee.” If there is a default (non-payment), the lender can quickly prove to the landlord or others that they own the machine and they have the right to remove the equipment from the property. With a Finance Contract, the financing company has a lien on the equipment and some situations Courts may have to get involved to settle the dispute.