Lease is an agreement in which the lessor gives the lessee the right to use an asset for an agreed period of time in order to obtain rent.
1, operating lease is to meet the lessee's temporary or seasonal use of the asset needs and arrangements for "incomplete payment" type of lease. It
The operating lease is a pure, traditional lease. The lessee leases the asset only to meet the short-term, temporary or seasonal needs of the operation, and there is no attempt to purchase the asset. Operating lease refers to all forms of leasing other than finance lease. A lease in which the remaining economic life of the leased asset at the commencement date of the lease is less than 25% of its estimated economic life is also considered an operating lease, regardless of whether it has the other conditions of a finance lease.
2, financial leasing refers to the lessor according to the lessee's specific requirements for the leased object and the supplier's choice, capital to the supplier to buy the leased object, and leased to the lessee to use, the lessee pays rent to the lessor by installments, the ownership of the leased object belongs to the lessor during the lease period, the lessee has the right to use the leased object. The lease expires, the rent is paid and the lessee performs all the obligations according to the provisions of the financial lease contract, the attribution of the leased object is not agreed or agreed is not clear, can be supplemented by the agreement; can not reach a supplemental agreement, in accordance with the relevant provisions of the contract or the custom of the transaction to determine, and still can not be determined, the ownership of the leased object belongs to the lessor.
Financial leasing is a new type of financial industry that combines financing and financing, trade and technology renewal. Due to the combination of financing and financing, the leasing company can recover and deal with the leased objects when problems arise, thus it is very suitable for small and medium-sized enterprise financing because it does not have high requirements for enterprise creditworthiness and guarantee when dealing with financing.
Simple financial leasing
Simple financial leasing refers to: the lessee chooses the leased object to be purchased, the lessor leases the leased object to the lessee through the risk assessment of the leasing project. During the entire lease period the lessee has no ownership but enjoys the right to use, and is responsible for the repair and maintenance of the leased object. The lessor is not responsible for the good or bad condition of the leased item, and depreciation of the equipment is on the lessee's side.
Leaseback financial leasing
Leaseback leasing refers to the owner of the equipment will be sold to the lessor at market price, and then leased back to the original equipment in the form of a lease. The advantages of leaseback leasing are: first, the lessee has the right to use the original equipment, but also to obtain a sum of money; second, because the ownership does not belong to the lessee, the expiration of the lease period according to the need to decide whether to renew the lease or to stop leasing, so as to improve the lessee's ability to adapt to the market; third is the leaseback leasing, the right to use has not been changed, the lessee's equipment operators, maintenance personnel and technical management personnel are very familiar with the equipment, you can save time and training costs. The equipment owner can use most of the funds from the sale of the equipment for other investments and put the funds to good use, while a small portion is used to pay rent. Leaseback rental business is mainly used for equipment that has been used.
Leveraged Finance Leasing
Leveraged leasing is similar in practice to syndicated loans, and is a type of finance leasing with tax benefits that specializes in large-scale leasing projects, mainly led by a leasing company as a backbone company to finance a mega leasing project. First of all, the establishment of a leasing company from the main body of the operating institutions - specifically for the project set up a fund management company to provide more than 20% of the total amount of the project, the remaining part of the source of funds is mainly absorbed by the banks and the community of idle capital, the use of 100% to enjoy the benefits of low tax "to two Bo8 The remaining part of the source of funds is mainly to absorb banks and social idle capital, and utilize the benefit of 100% low tax to "use two to win eight" leverage to obtain huge funds for the leasing project. The rest of the practice is basically the same as financial leasing, except that the complexity of the contract increases due to the wide range of issues involved. Because of the tax benefits, standardized operation, good comprehensive benefits, safe rental recovery and low cost, it is generally used for the financial leasing of aircraft, ships, communication equipment and large sets of equipment.
Commissioned Financial Leasing
One way is that the person who owns the funds or equipment commissions a non-bank financial institution to engage in financial leasing, with the first lessor being the principal at the same time and the second lessor being the trustee at the same time. A major feature of this entrusted lease is that it allows enterprises without the right to lease business, can "borrow the right" to operate. E-commerce leasing is to rely on the entrusted lease as a business leasing platform.
The second way is that the lessor entrusts the lessee or a third person to buy the leased goods, and the lessor pays for the goods according to the contract, which is also known as entrusted purchase of financial leasing.
Project financial leasing
The lessee concludes a project financial leasing contract with the lessor on the basis of the project's own property and benefits, the lessor has no recourse to the lessee's property and benefits other than the project, and the collection of rent can only be determined by the project's cash flow and benefits. The seller (i.e., the producer of the leased item) takes this approach to marketing its products and expanding its market share through a leasing company that it holds. Communications equipment, large medical equipment, transportation equipment and even highway operating rights can be used in this way. Others include return leasing, also known as sale and leaseback financial leasing; finance to lease, also known as sub-financial leasing and so on.