Operating lease gives you the opportunity of having your dream equipment, vehicle, and other hardware without depleting your business working capital. It is considered an operational lease and as such treated as an off the balance sheet item. That is an added benefit.

Our operating lease product is similar to a standard leasing agreement, however it is usually based on much shorter terms. The idea of an operating lease is that the equipment or vehicle can be sold or re-leased to another company or person at the end of the agreement; this means that we do not need to recover the full cost of the item during the leased period (meaning cheaper monthly payments for you).

This type of lease is attractive for firms in a country like Ghana where there is a strong market for second hand items. The length of an operating lease is shorter than a standard lease, it can run for a number of years, but will normally be for considerably less than the lifespan of the vehicle to ensure re-selling or re-leasing.

This is particularly beneficial if you only need a car or equipment for a limited time (E.g.: to help fulfil a specific contract), or if you may need to upgrade to newer cars or equipment on a fairly regular basis. Also a good idea if you don’t need the vehicle or equipment for its entire working life. The key points for our operating leases are that:

• We will take the asset back at the end of the lease to re-lease or sell. Here, your staff members and management can be considered for such residual sale if they are interested.

• We will be responsible for maintenance and insurance.

• You do not have to show the asset on your balance sheet.

For further info contact us...