Duration: 15– 32 months*
Installments: monthly expenses are fully tax-deductible
Liability for material defects: entitlements are transferred from lessor to lessee
Accounting/depreciation: depending on accounting principles.
HGB on the side of the lessor
US-GAAP on the side of the lessor
IFRS on the side of the lessor
Expiration of contract: Put option ** for the lessor at calculated residual value
*Duration for large mainframe computers: 34– 75 months
** Lessor holds the right, not the obligation, to sell the leasing property to the lessee at the end of the leasing period for a previously fixed price.