Operating Lease
An operating lease is a short term lease which allows you to benefit from the use of an asset with the finance company taking the risk on any residual value. This has the benefit of keeping the rentals lower than a normal finance lease. Essentially you are renting the asset from the finance company. At the end of the agreement, you return the asset with nothing more to pay. As with the finance lease the rental/payments attract VAT that can be offset against tax.
At Caledonia Asset Finance we have the expertise to help you select the right operating lease option for you, so you can afford what you need.
Contact us about an Operational Lease agreement
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Frequently asked questions about Operational Leases
With an operating lease do I own the asset?
No, with an operational lease you do not own the car or equipment. You pay a monthly rental to use it.
Is there a set rate for Operating Lease?
It depends on the cost of the asset you are financing under an operating lease, however our agreements are tailored to you.
What assets are available under an Operating lease agreement?
An operating lease is available for commercial vehicles and commercial equipment.