This offering is an arrangement where all operating costs are packaged in a way that the lessee would be made to pay a percentage of asset cost as caution fee which does not form part of the cost of the asset. The lessee would be entitled to have ownership of the asset; bear the risks, obligations and benefits associated with ownership if the lessee is ready to apply and pay 15% of the asset cost at the end of the lease contract as payment for purchase of the asset.
If otherwise, the lessee wants the caution fee refunded, the vehicle shall be assessed by an independent assessor for damages and associated costs of repairs. The balance if any would be refunded and if not up-to shall be made up for the repairs by the Lessee.
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