Quadrent transfers ownership of the equipment to you at the end of the term. We do not place a residual investment in the equipment, so the lease is similar to a bank loan. This is best suited for assets with a long lifecycle, or when ownership at the end of the lease term is desirable.
Under a finance lease, Quadrent transfers ownership of the equipment to you at the end of the lease term. For the lessee, this is similar to a bank loan and is treated as a depreciating asset. Lease payments are typically higher than an operating lease because we do not invest in the equipment’s market value at the end of the lease.
There are many benefits of a finance lease, including:
better management of your capital and debt
At the end of a finance lease term ownership of the asset is transferred to you.
Quadrent provides leasing and lease accounting solutions for large corporates and government organisations helping them to cost-effectively finance and report on their assets. This provides customers with an alternative to the traditional bank lending model and is well suited to assets that have a limited useful life.