Compare all the non-financial aspects of the loan and the lease. Determine what stipulations that are in the lease documents. Guarantors, periodic terms, payments, etc. can all be negotiated prior to entering into the lease. Obtain a copy of the lease from the leasing companies you are considering. The provisions of primary concern are the insurance, purchase option or renewal, and the return of equipment paragraphs.
Early payoffs are extremely expensive in leasing, due to the way in which leases are accounted.