The equipment is a "true lease." I pay for everything, including the payment, gas, maintenance, etc.
Legal quote of the lease:
"Lessee hereby acknowledges that lessee has been advised that, for federal income tax purposes and all other purposes, lessee will not be treated as the owner of the equipment. Lessee hereby acknowledges that the provisions of this Lease constitute a "true lease" for income tax purposes and the Lessee has no right, title or interest in the Vehicle other than solely as "Lessee" pursuant to the terms of this Lease, and that Lessee will not take any position for tax or other purposes to the contrary."
