Financial leasing can enable enterprises to shorten the project construction period, effectively avoid market risks, and at the same time prevent enterprises from letting go of fleeting market opportunities due to insufficient funds. Operating lease enables enterprises to selectively lease assets that enterprises urgently need but do not want to own. In particular, equipment with high technical level and rapid upgrading is more suitable for operating lease.
2. These two judgment methods are different.
The essence of financial leasing is to transfer all risks and rewards related to asset ownership. In a sense, financial leasing is essentially a flexible way to purchase fixed assets by stages, but it is much higher than direct purchase.
Operating lease, on the other hand, only transfers the right to use assets, without transferring the risks and rewards related to asset ownership, and still belongs to the lessor. The leasing enterprise only pays the relevant fees according to the contract, and the leased assets will be returned to the lessor by the leasing enterprise at the expiration of the lease term.
3. Different leasing procedures.
The leased equipment is selected by the leasing company according to the market needs, and then the leasing company is found, while the equipment for financial leasing is purchased by the leasing company or directly selected by the leasing company from the manufacturer or seller.
4. The lease term is different
The operating lease period is shorter than the effective use period of assets, while the financing lease period is longer, which is close to the effective use period of assets.
5. The responsible parties for equipment repair and maintenance are different.
The leasing company is responsible for operating the lease and the lessee is responsible for financing the lease.
6. Equipment disposal methods are different after the lease expires.
After the operating lease expires, the leased assets are recovered by the leasing company, while after the financial lease expires, the enterprise can keep them and purchase them at a little "nominal price" (equivalent to the market price of the residual value of the equipment).
7. The nature of leasing is different.
The essence of operating lease is not to transfer all risks and rewards related to asset ownership, while the essence of financial lease is to transfer all risks and rewards related to asset ownership to the lessee.
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