An operating lease is a form of asset finance which allows you to lease a piece of equipment, while you need it. An operating lease is very similar to a finance lease, although the former is usually for a shorter period of time, usually a small percentage of the equipment’s expected lifespan.
The shorter nature of operating leases allows you to pay a reduced rental payment as there tends to be more residual value at the end of the term.
During the lease period, you get to use the equipment as you would if you owned it, but without the upfront financial outlay.
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