A Finance Lease with a residual value assigned to it at the end of the agreement.
An Operating Lease is a type of Finance Lease where the customer rents an asset for the useful life.
A residual value is built into the agreement therefore lowering the monthly rentals. An Operating Lease might also be known as business contact hire, particularly if it relates to commercial vehicles. You have the option to purchase, hand back or sell.
Honey Commercial Finance can fully explain this to you and answer any questions that you may have. You might be surprised to find out how significant the savings could be.
Why not contact one of our team at Honey Commercial Finance to find out more information or how this could benefit the business.