"Lease," used precisely, not as marketing language
RAM Tracking's standard Terms of Service state the arrangement directly: 'RAM has agreed... to lease to the Customer...
a vehicle-mounted satellite tracking and data transfer unit,' with financing arranged through a named 'Finance Company' — a separate bank or lender RAM has a standing arrangement with, not RAM itself. A separate Lease Agreement Terms document, specific to the hardware financing, describes itself in its own opening line as 'a non-cancelable, binding contract' and states plainly: 'You may not cancel this Lease for any reason, including but not limited to, Equipment failure, loss or damage, or any deficiency or issue with respect to the Equipment or Service.
This is a materially different commitment than a SaaS subscription you can downgrade or cancel with notice. Ask directly, in writing, whether the specific plan you're buying is billed as a lease (with a third-party finance company as a party to the contract) or as a straightforward month-to-month service, because the published $14.
99 entry price does not tell you which one applies.