Art, you've got to look at it this way. there is almost no residual on a machine that is 5 years old these days. Most 5 year old digitals are junk. Would you sell an Aficio 400 or 500 now? They're only 5 years old. The machines on 3 or 4 year leases do have value. You and I are both selling used 550's and 650's. They still are decent machines. In a year or so, however, they too will be basically junk. So from the leasing company's view, a 5 year FMV lease is a write off when they get it back. Technology has surpassed the usefulness of that machine. (unless the customer only wants a digital copier with very little thrills)