Operation car leasing with Naniko in Georgia, Tbilisi, Kutaisi, Batumi

Operating Leasing

What is this?

Operating (operational) leasing is a type of long-term lease under which the lessor provides the subject of the contract, which is in its ownership, to the lessee for temporary use, according to the terms and conditions specified in the contract. At the end of the leasing contract, the subject of the contract is returned to the lessor. The object of operating leasing can be leased repeatedly.

Why choose operating leasing?

Compared to financial leasing, monthly payments under operational leasing are significantly lower. The lessee also has the option to purchase the leased object. All responsibilities for maintenance and repair of the vehicle remain with the lessor. The lessee can return the leased object early without buying it at its residual value.

Key features of operational leasing

One advantage of this type of leasing is that the service life of a vehicle is much shorter than its actual depreciation period. For the lessee, the system is convenient because there is no obligation to purchase the vehicle at its residual value, and it can be returned to the lessor. For businesses that lease vehicles, operational leasing is particularly beneficial. It allows companies to maintain a fleet of only new vehicles, supporting their status and corporate image.

What is covered under operational leasing

Operational leasing applies to various types of vehicles, equipment, and other assets. It is advantageous for the lessor to choose objects that do not require high costs for transportation, maintenance, or expensive removal.

It is also more profitable to lease objects that can be leased again. In practice, most leasing transactions involve vehicles, as they can be leased repeatedly.