Finance Lease Market to Witness Huge Growth by 2024: Leading Key Players CDB Leasing, ICBC Financial Leasing, BOC Aviation, Minsheng Financial Leasing
A finance lease is a type of leasing contract where lessee selects an asset that is purchased by lessor. The lessee is entitled to use the asset during the lease and further an option of acquiring the property by paying the bargain purchase price to lessor. A finance lease has similar financial characteristics to hire purchase agreements and closed-end leasing as the usual outcome is that the lessee will become the owner of the asset at the end of the...
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