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        Equipment Leasing

        Description

        The Lessor (JIC Leasing) will purchase from the equipment supplier an asset for lease selected by the Lessee (customer) and the Lessee will use that asset during the lease and pay a series of rentals or installments as a result. The notional ownership remains with the Lessor during the lease, while the risks and rewards incidental to the ownership of the leased asset are transferred to the Lessee in addition to the operating control over the asset. The term of a finance lease is generally 3 to 5 years.

        Assets for lease

        An asset for lease under a finance lease refers to the instrument, equipment, vehicle or infrastructure facility that the Lessee has selected.

        Benefits

        1.Capital provision to enterprises to purchase equipment

        2.Easy and fast access to mid- and long-term finance.

        3.Flexible arrangements for lease term and rental payment.

        4.Accelerated depreciation.

        5.VAT deduction for payment of interest.


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