FAQ - Frequently Asked Questions
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Yes, with finance leases the lessee has a purchase right. Lease-purchase agreements automatically foresee a transfer of ownership. The option of acquiring a lease asset in operating lease agreements varies according to the country in which the lease agreement was concluded.
Tax advantages result in particular from operating lease agreements. Thanks to the short terms and the way in which lease instalments are treated as expenses, lease assets can be "written off" at an accelerated pace.
It is possible to cancel your lease agreement before the end of its term with the approval of the lessor.
All of the costs are transparently stated in the offers. In addition to advance payments and lease instalments, other common costs include contract costs and one-off processing fees when the contract is signed.
With a lease agreement the contract partners – the lessee and the lessor – agree on a fixed time period for which an asset can be used. The lease instalments are therefore a usage fee. At the end of the contract the lessee normally has the right to purchase the asset.