Advantages of leases TO LESSEE a Use of asset but avoids big cash outlay. Flexible way of acquiring use of an asset for a short period of time. For an operating lease, the burden rests with lessor who is responsible for maintenance, etc Relatively low lease payments Flexible financeAdvantages of Leases TO LESSEE: ◼ Use of asset but avoids big cash outlay. ◼ Flexible way of acquiring use of an asset for a short period of time. ◼ For an operating lease, the burden rests with lessor who is responsible for maintenance, etc. ◼ Relatively low lease payments. ◼ Flexible finance