An Operating Lease can help with...
- Short-term equipment
- Protection of balance sheets
- Tax benefits
- Low repayments
Working in a similar way to a normal Finance Lease, an Operating Lease is where you only rent the asset for part of it’s ‘useful life’ – the length of time that it is considered apt for business use.
The payment you make is worked out from the difference between the purchase price of the asset and it’s predicted value at the end of the agreement.
You will rent the asset over the agreed contract period but your payments will not cover the full cost of the asset, as you’re only using the asset for it’s ‘useful life’ and won’t own it afterwards.
For further information on leasing, contact us on 0115 958 6872 or email firstname.lastname@example.org.