Pay attention! Borrowing money, costs money



If you lease, you pay an amount periodically. In exchange, you get access to a specific object, such as a car. There are various lease forms. With an operational lease you only pay for the right of use and the object never becomes your property. So this is very similar to renting. A financial lease means that you buy the object and always pay part of it (plus interest). So this is very similar to hire purchase.

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