What is Renting for companies?

He Renting It is a type of operating lease that Allows you to rent a non-real estate asset for a period that is usually between 2 and 5 years by paying a periodic fee (both parties agree on both the amount and its periodicity). The Renting does not include a final option of purchase, so the lessee will return the product at the end of the contract, in addition to being exempt from bearing the costs of maintenance and repair of the product, except in the case that these are due to misuse of the same.

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Contract not restricted to companies

Full cost financing

Considerable tax savings

Medium and long term financing

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How does renting work?

He Renting It is an instrument for the financial leasing of movable property (such as the example of a car), which is not limited to companies or self-employed workers. This means that anyone can take advantage of the advantages that this instrument offers, although in reality it is SMEs that most often resort to these solutions. The purpose of this type of lease is that by paying a series of fixed installments during a previously stipulated period the utility of the product is amortized, without reaching a final purchase as in the case of financial leasing. The acquisition or purchase of the product is carried out by the financial institution in the event that it does not have it in stock and is subsequently offered through a rental contract to the interested person or company.

The lease is made for a duration between 2 and 5 years, although a common mistake is to sign a contract for a period longer than the life cycle of the product, which is a failure because the lessee may lose out in the sense that during that period they can acquire another product that exceeds the characteristics of the previous one. This occurs especially in cases in which renting is used to acquire technological devices, which usually become obsolete around 2 years after purchase. Therefore, a contract for such a product would not make sense for 4 years, for example.

The particularity of Renting, in addition to the fact that it does not include the option to purchase the product at the end of the contract, is that the leasing entity is the one that is responsible for expenses such as maintenance and repair of the product as long as they derive from a natural use of the same. If these repairs derive from a use not stipulated in the clauses of the contract, the entity will not be responsible for the needs of the product. In addition to this, the lessor will also take care of insurance costs or check-ups required by the brand (in the case of vehicles), but not of other expenses such as the example of gasoline or traffic fines.

Renting can be a solution to acquire almost any good, although itor more common is to resort to it when you need to acquire a high-cost product such as They are vehicles or technological devices and machinery and the company or self-employed person does not have sufficient initial capacity to face such expense. Although not having possession of the asset may be a disadvantage at first, the truth is that it is a benefit in tax matters, since the asset would not appear as a possession of the company and thus greater liquidity and greater borrowing capacity are obtained in the if necessary.

Resorting to financial Renting is very advantageous in the event that we want to have complete coverage while we enjoy the use of the product in question, which is why it is very common for companies to resort to this solution compared to Leasing, with which they do not enjoy the same advantages as is the case of the maintenance cost of the products.

Renting Advantages

  • Contract not limited to companies and freelancers
  • The ownership of the property is maintained by the lessor, which means significant savings in tax and maintenance issues for the lessee
  • Full financing of product cost
  • Financing during the product life cycle


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