Leased Equipment - Buyouts

Overview

If your organization wishes to purchase leased equipment before the end of the initial billing term, buyouts may be permitted at Firstbase’s discretion. This process allows you to retain specific items by paying a calculated buyout price.

Buyout Request Process

1. Submitting a Request
Admin must submit a support ticket requesting the buyout price for the desired equipment.

2. Price Calculation
Firstbase will review the request and provide the calculated buyout price based on the item’s remaining value and terms of the lease.

3. Confirmation & Invoice
Once the Admin accepts the buyout price, Firstbase will issue an invoice for the buyout cost. Upon payment, ownership of the equipment is transferred to your organization.

Key Considerations

• Buyouts before the end of the initial billing term are subject to Firstbase’s approval.
• Pricing is determined based on lease terms and depreciation.
• Once purchased, the equipment is no longer managed under Firstbase’s leasing policies.

Availability, Limitations & other Terms

• For items that are owned by Customer and Customer's employee wishes to purchase, employee should direct the request to Customer.  
• For leased by Customer that an end user wishes to buy out, unless otherwise agreed or enabled in the platform - Customer must buyout from Firstbase and then the remainder of the transaction must be handled between end user and Customer.
• As always, all equipment and logistics services are subject to the Firstbase Equipment & Service Policies in addition to any supplemental documentation including but not limited to Order Forms, Riders, MSAs, and etc. 

Need Further Assistance?

For any questions regarding equipment buyouts, please contact Firstbase Support and copy your Customer Success Manager (CSM).