Common Contracts
1 similar Operating Lease contracts
OPERATING LEASEOperating Lease • April 21st, 2010
With an Operating Lease agreement you can enjoy the use of vehicle without the risk of ownership, as the vehicle is treated as an off balance sheet item. Monthly rentals are based on the difference between the price of the vehicle at the start of the agreement and its projected residual value, plus finance charges. Therefore only a proportion of the vehicle's value is being repaid which avoids any large initial outlay and reduces the monthly rental, improving your cash flow situation.
