What is the ruling on an agreement to purchase equipment with money from a person, then lease it from him for a known period while bearing responsibility for it, and then be obligated to purchase it at the same price for which it was bought?

This transaction is impermissible because it is a circumvention to lend the customer the price of the equipment with usurious interest. To correct it, the customer purchases the equipment, which then belongs to its owner, and leases it from him according to the agreement. The warranty for the equipment during the lease period is the responsibility of the owner, unless the lessee is negligent or abuses its use. Then, when the lease period ends, the lessee has the option to purchase it at the price and condition of its like (market price).