What are your options with an Equipment Rental ?

Upgrade to new equipment during the term of the loan but simply varying your repayment structure to incorporate the increase.

At the end of the agreement continue to rent on a month by month basis ,make an offer to purchase or simply return the equipment or a combination of these options

Buy the equipment at the end of the term for fair market value.

Rent or buy ?- Rental can provide off-balance sheet financing, thereby becoming an operating cost rather than a capital cost.