Auto Leasing
Type of Auto Leasing
As our basic service, we offer two types of auto leasing: Operating Lease and Financial Lease, with or without maintenance.- Operating lease:
The rental rates are treated as operating expenses in the income statement. Therefore, the leased vehicles do not affect your balance sheet. - Financial lease:
The leased vehicles are recognized as an asset and payable as a liability on your balance sheet. - Maintenance Lease:
Auto leasing with maintenance is inclusive of:- Prices of the automobile
- Related taxes and insurance premiums
- Maintenance fees
- Replacement costs for tires and other spare parts
- Any other fees related to servicing the automobile
- Substitute vehicle.