< Lease Finance

Leasing gives the customer access to new equipment by way of renting it for a contracted period, without owning the asset.

How it works

The leasing company (the “lessor”) buys and owns the equipment on behalf of the customer (the “lessee”). The customer pays a rental for the use of the equipment over a predetermined period.

Under a finance lease, the value of the asset appears on the lessee’s balance sheet and the rental payments pass through the profit and loss account. The full value of the equipment is repaid to the lessor, plus interest, over the lease period.

Leasing gives the customer access to new equipment by way of renting it for a contracted period, without owning the asset.

How it works

The leasing company (the “lessor”) buys and owns the equipment on behalf of the customer (the “lessee”). The customer pays a rental for the use of the equipment over a predetermined period.

Under a finance lease, the value of the asset appears on the lessee’s balance sheet and the rental payments pass through the profit and loss account. The full value of the equipment is repaid to the lessor, plus interest, over the lease period.

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