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I received this email from Banc of America this afternoon. It's not often I use them on FMV for fax machines.

We at Banc of America Leasing - Global Vendor Finance are proud to be the largest bank-owned vendor finance business. However, we recognize that you have a choice in selecting a finance partner, which is why we strive to provide a full range of finance products and services to assist you with all of your equipment financing needs.

As we continue to grow and change within the marketplace, so do our products and from time to time we must adjust our product offerings to reflect current market conditions. Therefore, we are advising you that, effective immediately, we are no longer offering fair market value (FMV) purchase option lease rates for fax machines. For this type of equipment, only $1.00 purchase option rates will be available.

For questions please contact your relationship manager at 800.800.4752.
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