What are the advantages of Finance Lease?
Uninterrupted use of the asset
Uninterrupted asset use ensures availability throughout the lease, enabling seamless planning of production, operations, and service delivery without disruptions or concerns over sudden loss of access to essential equipment or property.
Spread the cost
By opting for a finance lease, you can spread the cost of acquiring the asset over time. This can be particularly advantageous for acquiring high-value assets that would otherwise require a significant upfront investment.
Finance leases typically have fixed payment amounts over the lease term, making it easier for businesses to budget and plan their cash flows. The stability of payments allows for better financial management and forecasting.
Unlike operating leases, finance leases offer you the benefits of ownership. You have the right to use and control the asset throughout the lease term, and can often take advantage of any residual value at the end of the lease.