Who economically owns the vehicle in an Operational Lease construction?

Who owns the vehicle economically with Operational Lease?

In an Operational Lease construction, the leasing company remains the economic owner of the vehicle throughout the lease period.

Although you, the customer, use and benefit from the car, the leasing company is responsible for the vehicle's depreciation and bears the depreciation risk. This means that any loss of value or profit on the car belongs to the leasing company. Retaining beneficial ownership allows the leasing company to finance the car at favourable rates and include costs in the lease amount, leading to predictable monthly payments for you, the customer.