Lease to Own
A lease ends with the client having ownership of the asset. It can also be defined as a Financing Lease program. This program combines between the best advantages of leasing and between some of the advantages of credit purchasing in one batch. Those advantages are:
- Combining between the general leasing advantages and the costumers desire to have ownership of the asset at the end of the contract period.
- Exclusion of general risks and taking advantage of full coverage insurance and other services.
- Possibility of having an extended warranty added to the basic warranty to cover the contracting period.
- Long term lease; up to 48 months or more.
- Easier credit conditions, and enjoying a delayed leasing installment.
- Early payment discount without suspicion of forbidden interest (Riba), since it is a leasing contract.