Lease Purchase Program
As announced by the EVPA, effective July 1, 2025, University Procurement and Logistics (UPL) will be reorganized. Resulting changes to the UPL Lease Purchase Program will be coming soon. Details regarding future lease billing will be shared with impacted fiscal officers prior to July 1.
UPL Finance will continue to support active leases via Planon billing through July 1, through the lease term, or until paid in full—whichever comes first. There are no penalties for early payoff. We encourage lessees to consider paying the remaining balance with this fiscal year’s funds.
Currently, there is no on-campus alternative available for departments looking for lower-dollar leases. To enter a contractual agreement with a third-party provider, please submit a purchase requisition.
It is important to note that third-party financing can result in supplier-incurred property taxes being passed on to the department. All tax implications require reporting to the MSU Tax Office.
