Lease to buy, page-21

Normally the finance company buys the equipment and leases it to the lessee, so LBT would get paid upfront. The only time that doesn't happen is when the vendor is also the financier and effectively they end up making equipment and renting it to the user. That puts a bit of strain on the balance sheet unless the rental payments are very high wrt the cost of manufacturing. I doubt that LBT will go down that path and I don't know whether they have thought about getting a financier involved. GLTA