Operating Lease Services – HRS Total Solutions

Operating lease Services

An operating lease contract is similar to a long term rental agreement.A typical contract involves the payment of equal monthly rentals over a pre-defined period. Under the lease agreement, the customer does not have the option to purchase the asset at the end of the lease period. A key characteristic of an operating lease is that the economic life of the leased asset is not wholly paid off during the lease period. At the end of the lease period the asset is either sold out or leased out for a further period.  Operating lease is off balance sheet leasing, with flexible terms, which can be complimented with value-added services. Operating lease is particularly effective for high-value assets, like trucks and trailers or specialized assets you need to support a specific contract. Lease rates are based on the value of the asset over the period you require it. As a result, you can link lease rates directly to the revenue your asset generates.
With our operating lease solution you benefit from competitive monthly operating cost due to our sourcing capabilities and residual value expertise.