Is there collateral in an Operational Lease construction?

Is there any collateral with an Operational Lease construction?

No, with an Operational Lease construction there is usually no collateral required.

As opposed to Financial Lease, where the car acts as collateral and you eventually become the owner, with Operational Lease the leasing company remains the owner of the car throughout the lease period. As a result, you do not have to put up valuable assets or money as collateral.

Operational Lease is designed to make using a vehicle easier and more accessible without the worries associated with ownership and collateral. You pay a fixed monthly fee for the use of the car, but the car itself is not considered collateral for the lease.