The Leasing Experience with BPI Tokyo Century
Understanding a Lease
A transaction in which an owner of an asset (Lessor) grants the use of the asset to another party (Lessee)
for a fee paid over an agreed period of time.
Key differences from Loans:
- Lessor retains ownership of the asset over the term
- No chattel mortgage
- No collateral needed
Modes of Leasing
Direct Lease
Lessor purchases the asset to Supplier/Dealer and lease it to Lessee.
Sale-and-Leaseback
Lessee sells the asset to Lessor and Lessee leases the asset to the Lessor.