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Ubi Sunt, Buck-Out Lease?

BY Barry Marks
December 23, 2013

For those who didn't take a survey course in English lit, ubi sunt means “where are they?” and was used by Beowulf-era poets to mourn the passing of people and things.

The list of the gone-but-not-forgotten in the equipment finance business include the TBT lease, the wrap lease and several other variations. The popularity of the equipment finance agreement or “EFA” as a replacement for “leases” that are, in fact, financing arrangements would seem to signal the end of these “leases.” Despite predictions in several quarters, the so-called buck-out lease appears alive and healthy, if not as robust as it once was.

Background

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