When a company operates company cars owned by it, their value is represented as an asset in the books.When the cars are purchased on credit, financing must be recognized as a receivable, while the interests are treated as financial costs.
In the full-service lease proposal of ALD Automotive the vehicle does not become the property of the company, it only leases the vehicle, which means that financing is not recognized in the books.The sale of the used car is also the responsibility of the fleet manager, who will bear the related risk.