Operating leasing is a financial formula whereby assets are purchased by a third party, usually the rental company

Operating leasing is a financial formula whereby assets are purchased by a third party, usually the rental company, which then transfers them to a customer for use for a predetermined period of time, which can vary from 12 to 60 months. Also known as operating leasing, it has a number of advantages over other similar non-exclusive ownership formulas.

The first advantage of operating leasing is that it is managed on a fixed-rate basis, so the customer does not have to make an initial down payment but pays fixed instalments for the entire duration, allowing them to rent the asset for a period ranging from 24 to 60 months.

It is an extremely flexible product as it offers the possibility of including everything related to the annual maintenance of the asset in the financing, unlike a leasing transaction. It is a transaction that does not go to the central credit register, unlike, for example, a leasing or financing transaction, which must be reported. Of course, it requires an insurance policy to cover the risks to the asset, generally theft, fire and civil liability.

A further advantage is that the instalments are fully deductible from both IRAP and IRES, i.e. they are 100% tax-deductible.

It is important to note that all types of capital goods are now managed under the operating lease formula: from furniture, computers and printers to lathes and machinery, as well as used goods (unlike leasing companies, which now prefer almost new goods).