Results for tag: "Operating Lease"

An operating lease is a type of lease agreement in which the lessor (owner) provides the lessee (user) with the use of an asset for a specified period of time. The lessee is responsible for the maintenance and upkeep of the asset, and the lessor retains ownership of the asset. Operating leases are typically used for short-term rental agreements, such as for vehicles, equipment, and other assets. Operating leases are often used by businesses to acquire assets without the need for a large upfront capital expenditure. The operating lease market is a growing sector of the leasing industry, with many companies offering operating lease services. These companies provide a range of services, from asset acquisition and management to financing and maintenance. Operating leases are often used by businesses to acquire assets without the need for a large upfront capital expenditure. Some companies in the operating lease market include Enterprise Rent-A-Car, Hertz, Avis, Ryder, and U-Haul. Show Less Read more