The Operating Lease provides a motor vehicle to a user without the user bearing the risk of ownership. The owner bears the capital risks and costs associated with ownership of each vehicle, in return for receiving from the user a monthly rental payment.

Benefits of an Ascot Operating Lease:

• Under Accounting Standards (AAS 17) the operating lease remains 'off balance sheet' with resulting improvements in balance sheet ratios.
• Because the rental is a running cost to you it becomes tax deductable.
• A known fixed cost for the period of the rental which assists in budgeting and cash flow projections.
• There is no risk to you on possible resale values as the leasing company owns the vehicles.
• A move from ownership to operating lease frees up capital for use in areas which earn higher return for the company.
• No more haggling with motor car dealers as Ascot handles purchasing, delivery and disposal. At Ascot we are buying and selling motor vehicles everyday. Because of this you can take advantage of reduced lease rentals.