{"id":998,"date":"2020-06-29T10:30:10","date_gmt":"2020-06-29T10:30:10","guid":{"rendered":"https:\/\/directassetfinance.com\/?page_id=998"},"modified":"2020-06-30T10:24:32","modified_gmt":"2020-06-30T10:24:32","slug":"operating-lease","status":"publish","type":"page","link":"https:\/\/directassetfinance.com\/services\/operating-lease\/","title":{"rendered":"Operating lease"},"content":{"rendered":"
An operating lease agreement is a simple form of business asset finance where you (the lessee) leases an asset from a finance company (the lessor) for a proportion of the asset\u2019s useful economic life.<\/p>\n
The lessor is the owner of the asset while you, the lessee, has sole use of the asset.\u00a0 Unlike with a finance lease<\/u>, an operating lease doesn\u2019t see the lessee taking on the risks and rewards of asset ownership.\u00a0 The asset is also off balance sheet, with rental payments able to be offset against profits.<\/p>\n
The operating lease period is generally over a short or medium term timeframe and the lease payable is lower, based on the original purchase price of the asset and its residual value at the end of the lease period.\u00a0 Then, the asset is returned to the lessor, for sale or further rental.<\/p>\n
To discuss the operating lease asset finance option for funding your business growth, call Direct Asset Finance, Bristol on 0345 833 4771 or email info@directassetfinance.com<\/a>.\u00a0 We look forward to hearing from you.<\/p>\n<\/div>