However, there are some things to bear in mind when entering a leasing contract. During the period of payment for the asset, it does not legally belong to the company but to the service provider (usually a bank). The leased asset will only belong to the company once it has been paid in full, i.e., at the end of the contract and on payment of the residual value if this has been stipulated in the contract. Furthermore, the company is responsible for paying the costs of insurance coverage for the leased item itself.
In summary, leasing remains a very interesting method of financing for companies, especially when they are entering a period of development where every expense must be carefully considered. If you are not sure though if financial leasing is fit for purpose, please contact our experts for advice.