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Operating Lease

In general, a lease, usually, but not always, with a fixed term, where the lessor assumes many of the risks of ownership, including depreciation, funding and defined levels of administration. 

The term has different shades of meaning in different countries. For example, in the U.S., it has a specific meaning in terms of  business accounting practices and stands in contrast to the other form of lease categorized by the accounting profession as a capital lease. 

Operating leases typically allow for off balance sheet treatment of the leased assets, something usually preferred by corporate financial management. The responsibility for the cost of vehicle maintenance under an operating lease may be the lessor's or the lessee's. In the former case, the lease is often known as a "Full Maintenance Operating Lease."

Fleet FAQ

Associate Vice President, Strategic Partners

Sherry Calkins

Associate Vice President, Strategic Partners

https://www.geotab.com/

Fleet Incentives

Determine the actual cost of owning and running a vehicle in your fleet. Compare vehicles by class and model.