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Know More About Operating Lease
Operating lease also known as a service lease would literally be:
- Taken to be any type of lease other than a finance lease. The lessor in an operating lease simply purchases the asset and leases it out at a rate and term which does not entirely cover both cost, interest and profit.
- An operating lease is considered as a true lease for tax purposes, that is, the lessor is entitled to all the tax benefits associated with ownership and the lessee is entitled to deduct the rental payments.
LECON Financial Services Limited, as the oldest and foremost leasing company in the country, affords its customers over 30 years of experience, expertise and in-depth knowledge of the market and business.
As a subsidiary of the Bank of Industry Limited, LECON is a beneficiary of BOI’s good working relationships with foreign development finance institutions which translates to access to reasonably priced funds.
This advantage is ultimately passed on to our customers in the form of competitive lease cost