Outlined below are some of the Volvo Finance Packages you may like to consider - Finance Lease , Purchase Plan , Volvo Total Maintenance , Operating Lease and Fully Maintained Operating Lease. Coupled with a Volvo Contract Maintenance Plan to protect and enhance the future value of the vehicle, it also makes sound commercial sense. A finance lease transfers substantially all the risks and rewards of ownership of the truck or bus to the lessee. The period of the lease is agreed between the lessor and the lessee. The lessor receives rentals from the lessee to cover the cost of the truck plus interest.
Terms are negotiable, but most operators usually pay monthly rentals in advance.
Finance Lease is a accounted for 'on balance sheet' The lease is a genuine lease for tax purposes and so depreciation in respect to the truck is claimed by the lessor. The lessee bears the risk for its future value. The lessee is responsible for insuring and maintaining the vehicle. Benefits Known budgetable rentals. Preserves working capital - funds can be invested in other parts of the business.