However when the Department for Education (DfE) sets its own regulations on leasing, limiting schools to expensive
operating leases rather than finance leases, school's hands are tied.
It is important to note that the test for whether a
lease is a finance
lease or an
operating lease depends on the substance of the transaction
rather than its form (or description).
Operating and finance Also be aware that there are two main types of leases — operating and finance — a general difference of which is that an operating lease would be used if the customer only needed the equipment for a certain period rather than its entire working life, whereas under a finance lease, the full value of the item would be paid over the leas
Operating and finance Also be aware that there are two main types of
leases —
operating and finance — a general difference of which is that an operating lease would be used if the customer only needed the equipment for a certain period rather than its entire working life, whereas under a finance lease, the full value of the item would be paid over the leas
operating and finance — a general difference of which is that an
operating lease would be used if the customer only needed the equipment for a certain period rather than its entire working life, whereas under a finance lease, the full value of the item would be paid over the leas
operating lease would be used if the customer only needed the equipment for a certain period
rather than its entire working life, whereas under a finance
lease, the full value of the item would be paid over the
lease period.