LEASE PURCHASE

The Lease Purchase program’s objective is to provide a financing option for departments. The program requires a contract of one to five years, but may be paid off at any time by paying the balance (principal plus current month's interest). The current interest rate is 7%.

All leased equipment must be covered on a maintenance agreement while on the lease with Stores.  Equipment may not be removed from MSU until the lease is paid in full.

Any lease placed outside of University Stores is subject to taxation from the city of East Lansing at 8% -- in addition to often higher rates, fees and early payoff penalties. For more information, call        517.884.6184.