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In this video, Scott Bogart from CFO Outsourced discusses the challenges of exiting an equipment lease. He emphasizes that equipment leases are not only difficult to terminate but also costly. The lease agreement typically stipulates a fixed monthly payment for a specified term, binding the lessee to fulfill all payments throughout the lease period. Unlike owning an asset, where one could sell it to settle the loan, terminating a lease requires paying all remaining payments, making it a more complex and expensive situation. Bogart compares this process to selling a house, highlighting the differences in flexibility between leasing and ownership.