A finance lease allows companies and professionals to purchase business goods, such as motor vehicles, trucks, industrial plant, or equipment.
This form of finance is a rental agreement, where the finance company buys the goods and you rent it from them for an agreed monthly repayment.
What a finance lease means
The finance company owns the goods at the end of the agreement. It is important to note that there is no option for you to purchase the goods either during or at the end of the agreement.
However, most finance companies will consider an offer from you to purchase the goods for their residual value at the end of the lease term.