Monday, March 23, 2009

some types of operating lease

- contract hire - used widely in the supply of company vehicle fleets.The lessor takes some responsibility for the management and maintenance of the asset at an agreed level
- fleet management - this goes beyond simple contract hire and includes elements such as accident management ,so that everything to do with the vehicle is outsourced to the lessor .
- spot hire -short-term hire of an asset as practised by car rental companies and plant hirers .
- dry lease- this is the term for when an asset is leased without operators, the most common from of operating lease .
- wet lease - this is where the lessor also provides some or all of the services to operate the equipment .A common example would be vending machines that are maintained by the lessor , who will usually also supply the stock to be dispensed.

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