There are many. The most typical are a Capital Lease and an Operating Lease. A Capital lease is one that meets anyone or more of four criteria per Financial Accounting Standards Board Number 13 (FASB-13). A capital lease is often structured with a bargain purchase option that can range from $1.00 to some amount below the expected fair market value. A lease in which the present value of the payments exceeds 90% of the cost of the equipment would also qualify as a Capital lease regardless of the purchase option. A Capital lease is a finance lease, which means that it represents nominal ownership for the customer. The cost of the equipment and the Lease obligation must be presented on the customer’s balance sheet with a Capital lease. An Operating lease must not meet any of the criteria of FASB-13. On operating lease is structured so that the customer uses the lift truck for the term of the lease with the options to renew, return the equipment, or purchase it at its fair market value at the end of the lease term. An operating lease is basically a “Long-term Rental Agreement” in which the customer obtains the use of the lift truck without the risk or benefits of ownership. For accounting purposes these transactions are usually treated as off-balance sheet.