Discuss the difference between the operating and the financial lease.

You have relocated to a new city where you require vehicles for your conveyance as required by your job. Which of the two type types of lease you will adopt to facilitate your movement under the following two conditions:

You will be in the new city for 15 days
You will be in the new city permanently

Discuss which option you will choose for both the condition given above. Explain the reason why you choose a particular strategy.

Answer rating: 100% (QA)

PART 1 Leasing is arrangement in which the lessor owner of the asset gives the right to use the asset to the lessee user of the asset in return for a ... View the full answer