What is the role of a leasing company?

A leasing company facilitates the rental of assets, such as vehicles or equipment, to businesses or individuals for a specified period. They purchase the asset and then lease it to the client, who makes regular payments for its use. This arrangement allows clients to access necessary resources without the upfront costs of ownership, while the leasing company retains ownership of the asset. Additionally, leasing companies often handle maintenance and service, providing further convenience to lessees.