# Operating Lease 2026 - No Ownership Option Operating Lease offers equipment use without ownership. Here's what Malaysian businesses need to know in 2026. ## What is Operating Lease? Operating Lease means: - Rent equipment monthly - No ownership at end - Return or upgrade option - Lower monthly commitment ## Operating Lease vs Hire Purchase 2026 | Feature | Operating Lease | Hire Purchase | |---------|----------------|---------------| | **Ownership** | No | Yes (after payment) | | **Down Payment** | 0% | 0-20% | | **Monthly Cost** | Lower | Higher | | **Contract Term** | 1-5 years | 3-7 years | | **Equipment Age** | New preferred | Any age OK | | **Tax Benefit** | Full deductible | Interest deductible | ## Real Example: Forklift **Price:** RM 45,000 **Operating Lease (3 years):** - Monthly: RM 1,200 - Total paid: RM 43,200 - Ownership: No (return or renew) **Hire Purchase (5 years):** - Monthly: RM 900 - Total paid: RM 54,000 - Ownership: Yes after final payment ## Who Should Choose Operating Lease? **Best for:** - Short-term projects (1-2 years) - Seasonal demand businesses - Testing equipment before buying - Wanting regular equipment upgrades - Prefer off-balance-sheet financing **Industries:** - Peak season logistics - Construction tender projects - Event management companies - Warehouse expansion testing ## 2026 Operating Lease Benefits 1. **Lower Monthly** - Less commitment than HP 2. **Flexible Terms** - 1-5 year options 3. **Easy Upgrade** - Switch to newer models 4. **No Ownership Risk** - Return anytime 5. **Tax Efficient** - Full lease payment deductible ## Ing Heng Operating Lease Advantages | Feature | Bank Lease | Ing Heng Lease | |---------|-----------|----------------| | **Deposit** | 2-3 months | 0-1 month | | **Equipment Age** | New only | New or used | | **Approval** | 2 weeks | 48 hours | | **Documentation** | Complex | Simple | ## Equipment Available for Operating Lease - Forklifts (3-5 ton capacity) - Small excavators (20-30 ton) - Warehouse equipment - Prime movers (short-term) ## Operating Lease Considerations **Pros:** - Lower monthly payment - No long-term commitment - Equipment upgrades possible - Maintenance included (optional) **Cons:** - No ownership at end - Higher total cost vs HP - Return condition requirements - Limited customization ## 2026 Operating Lease Requirements 1. Business registration (SSM) 2. 6 months bank statements 3. Project contract (if applicable) 4. Deposit or guarantee 5. Valid business license ## Bad Credit Operating Lease Banks may reject operating lease if: - New business (under 2 years) - Irregular income - Poor CCRIS score Ing Heng offers: - Flexible credit assessment - Startups welcome - Project-based approval - Lower documentation ## Get Operating Lease Quote Need equipment operating lease in 2026? Contact Ing Heng for same-day quote on forklifts, excavators, and logistics equipment. --- **Want ownership?** Consider [Hire Purchase 2026 Guide](/blog/hire-purchase-2026-complete-equipment-guide-malaysia) instead.