Banky team Reviewed editorial answerThe basic principle of a lease is that the lessor remains the owner of the asset during the lease term, and you have the right to use it according to the contract.
Steps
If the product is a lease ending with ownership transfer, ownership is transferred in the manner and at the time specified in the contract.
This point is very important because it determines who bears the risks associated with ownership and who bears the operating expenses.
The figures, fees and limits in this answer vary by bank and change over time — confirm them with your bank or the official source before acting.