Financial leasing means that you buy a passenger car or commercial vehicle on installment. You borrow the amount to buy the vehicle from the leasing company, and then pay it off monthly. After paying all monthly installments, you have paid off your debt and are the owner of the vehicle. Until then, the leasing company remains the legal owner of the vehicle.
The advantages of financial lease are the same as buying a car. You benefit from tax advantages but bear the risks yourself. In addition, with financial lease you do not have to pay a large amount at once. Handy for a starting entrepreneur.
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