| A fully maintained operating lease is a one
payment a month solution which covers all the operating
costs of the vehicle including a 'hand back the
keys' to the financier at lease end. The lease
has flexible terms expressed in both term (number of
months) and kilometres travelled. Expiry of the lease
can be initiated by either the term or the stipulated
kilometres which ever occurs first. There is also some
flexibility in the items included in the lease eg; tyres
and petrol may be optional.
Operating lease and Fully maintained operating lease
can also be used for many other asset types, eg trucks,
computers, equipment and plant. The off-balance sheet
treatment of this type of leasing together with the
fixed cost planning advantages makes this product particularly
attractive to larger corporations and businesses.
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