Leasing (financial leasing) is a contract in which one party (lessor) conveys the right of use of an asset to another party (lessee) for a specific period of time at a predetermined price.
Advantages
- Leasing reduces your total investment costs.
- No outside collateral security needed because the leasing object is the property of lessor.
- The leasing payment is free from VAT.
- As usual leasing period is long.
- Leasing is a main tool of renovation of fixed assets.
- During the leasing operations whole procedures are held by leasing company.
Which equipments can be leased?
- Agricultural equipment
- Medical equipment
- Construction machinery
- Manufacturing machinery
- Car, Vehicle
- Commercial Real Estate (leasing for 6 years!)
- etc.