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The best option for short-term equipment needs! An Operating Lease is any lease that does not qualify as a Capital Lease. The Operating Lease provides you the greatest flexibility by allowing you to lease needed equipment for a shorter period than the actual (expected) life of the asset. Since the equipment is returned to the vendor while it still has a useful life, you may often benefit from additional services provided by the vendor, specifically maintenance and insurance.
Since an Operating Lease does not contain any of the provisions that would qualify it as a Capital Lease, the lease is not treated as a 'sale/purchase'. As a result, you account for it as a rental expense; therefore it is not capitalized.
Contact us online or call 1-888-606-5327 and speak with one of our financing specialists to learn about our Operating Lease option, or one of our other equipment leasing options offered through Capital Funds Leasing at no cost with no obligation. |
