A finance lease is an agreement whereby the lessee has all the benefits of the use of the equipment without the need to own the equipment.
This type of agreement gives all the risks and rewards to the user of the equipment but legal title to the equipment stays with the Lessor. Under this agreement the Lessor will seek to recover the full cost of the equipment along with the interest on the agreement over the primary term. The VAT element of the equipment cost is spread throughout the agreement. TED also provide asset based lending.
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