It’s a completely fair question, especially with so many different finance options out there. The short answer is no – but let’s explain why that’s not only normal, it’s actually a big part of what makes leasing with grenke a smart choice for your business.

 

Leasing isn’t about ownership – It’s about access

When you lease equipment through grenke, you’re entering into a hire agreement, not a hire purchase agreement. That small difference in wording carries a big difference in meaning.

With a hire agreement, you’re paying to use the equipment over a set period of time. You’re not paying towards eventual ownership – and that’s deliberate. grenke retains ownership of the equipment, while you benefit from full access to it for your business operations.

It’s similar to how most people now stream music or films. You don’t own the songs or shows – you pay for access while you need it. Leasing works in much the same way.

 

Why this confusion happens

Many people are familiar with hire purchase agreements, where payments eventually lead to ownership. But grenke doesn’t offer this type of finance. Our focus is on flexible leasing options that help businesses access the equipment they need without large upfront costs or long-term ownership responsibilities.

That means no big initial outlay, no worrying about resale value, and no dealing with depreciating assets. Instead, you pay an agreed monthly amount, use the equipment for the duration of the lease, and have the option to update, return or discuss next steps at the end of the term.

 

What happens at the end of the lease?

At the end of your agreement, you don’t automatically take ownership of the equipment. However, if you’re interested in purchasing it, this may be possible via your original supplier. grenke doesn’t handle that sale – but your supplier can advise you on your options.

This approach gives you the freedom to decide what’s right for your business when the lease ends, whether that’s returning the equipment, exploring an upgrade, or arranging a purchase directly with the supplier.

 

The bottom line

Leasing with grenke gives you access to the tools and tech your business needs, without the burden of ownership. It’s flexible, efficient, and designed to support your cash flow. And if you ever want to explore ownership later on, that door might still be open through your supplier.

If you're unsure about any part of the agreement or want to explore what leasing looks like for your business, we’re always here to talk it through.