Finance Lease?

Know More About Finance Lease

Basic features of finance lease:

  1. The lease contains an option to purchase the asset at a bargained price;

  2. The lessor transfers the title of the asset to the lessee by the end of the lease period;

  3. The lease period is equal to, or greater than 75% of the estimated economic life of the asset;

  4. At the beginning of the lease, the present value of the minimum lease payments equals or exceeds 90% of the fair value on the lease assets to the lessor (minus any investment tax credit by the lessor).


LECON Finance Company 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