
An open-ended finance lease gives you the choice to pay the residual value of the leased asset and acquire ownership of it, or to waive that right and leave the asset in the ownership of the leasing company. With this type of lease, each lease instalment paid by the customer is invoiced for the principal, interest and VAT charged only on the principal. The customer can decide whether to pay the residual value and acquire the asset or waive that right.
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