An Operating Lease is a rental agreement for a specified term and kilometre limit.
Benefit from time and cost saving efficiency by having a fully maintained operating lease as Summit Fleet incorporates products and services enabling complete administration, management support and in depth reporting for the total fleet.
This type of lease is commonly utilised for financing Tool of Trade vehicles and is popular with companies due to Summit Fleet having responsibility for the residual value risk on the asset. Rental payments may also be tax deductible.
An operating lease is designed to avoid the risks and management burden associated with ownership. At the end of the lease agreement, simply return the vehicle.
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