I leased a piece of equipment in '89 to get into the big lawn market. It was $700/mo. for 60 mo.
I got the lease thru Telmark. I bought the mower at the end of the lease.
It was the only option for me at the time. I guess it worked out well because I'm still here.
The interest rate was equivalent to 21%.
Doesn't sound all that great when I write it down.