1. When the lease expires, the ownership of the assets is transferred to the lessee. That is, if it has been agreed in the lease agreement, or it can be reasonably judged on the lease start date according to other conditions, the lessor will transfer the ownership of the assets to the lessee at the expiration of the lease term, then the lease shall be deemed as a financial lease.
2. The lessee has the option to purchase the leased assets, and the purchase price is expected to be much lower than the fair value of the leased assets when exercising this option, so it can be reasonably determined that the lessee will exercise this option on the lease start date. "Far below" here means "less than or equal to 25%".
3. The lease term accounts for most of the service life of the leased assets. The "majority" here hold more than 75% of the service life of the leased assets on the lease start date during the lease period.
4. As far as the lessee is concerned, the present value of the minimum lease payment on the lease start date is almost equivalent to the fair value of the leased assets on the lease start date; As far as the lessor is concerned, the present value of the minimum lease payment on the lease start date is almost equivalent to the fair value of the leased assets on the lease start date. The "almost equivalent" here is more than 90% (including 90%).
5. The leased assets are special in nature, and only the lessee can use them without major repairs. This standard means that the leased assets are specially purchased or built by the lessor according to the lessee's special requirements for asset models and specifications, and have the nature of exclusive purchase and use.
Extended data
The lessee pays the rent to the lessor by installments. During the lease period, the ownership of the leased property belongs to the lessor, and the lessee has the right to use the leased property. The lease term expires, the rent has been paid, and the lessee has fulfilled all his obligations in accordance with the provisions of the financial lease contract.
If there is no agreement or unclear agreement on the ownership of the leased property, it may be supplemented by agreement; If a supplementary agreement cannot be reached, it shall be determined in accordance with the relevant provisions of the contract or trading habits. If it is still uncertain, the ownership of the leased property belongs to the lessor.
Financial leasing is a new financial industry integrating financing and financial services, trade and technological innovation. Because of the combination of financing and finance, the leasing company can recycle and dispose of the leased property when there are problems, so the requirements for corporate credit and guarantee are not high when handling financing, which is very suitable for financing of small and medium-sized enterprises.
An essential difference between financial leasing and traditional leasing is that traditional leasing calculates the rent based on the time when the lessee leases the property, while financial leasing calculates the rent based on the time when the lessee occupies the financing cost.
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