Parties involved in leasing

• The lessor

The company that provides finance (Jordan Company for Financial Leasing), through buying the asset and renting it to the lessee for a certain period of time.

• The Lessee

The lessee is the person or company that uses the asset, in return for a series of rentals, with the option of buying and acquiring the asset at the end of the lease period.

• The Asset

This is the asset that the lessor rents to the lessee; i.e. vehicles, trucks, equipment, production asset, machinery, medical appliances, real estate, etc.

• Rental Installment

This is the lease repayments made by the lessee to the lessor against utilizing the leased asset. Installments should match the projected cash flow from the use of the asset.

• Vendor

The vendor is a legal or natural person that owns and sells the asset to the lessor.