An operating lease is when a company owns the vehicle, and rents it to your business over a contracted term between 12 months and 60 months. At the end of an operating lease you hand the vehicle/s back. You decide on the vehicle that is right for your business, as well as the appropriate lease term based on the kilometers you expect to travel over 12 months.
A fully Maintained Operating Lease includes registration, insurance and tyres for the lease duration, as well as servicing and maintenance. These are included in the contract of the agreed monthly lease payment and will have guides and restrictions on where servicing can be carried out, fuel purchased etc.