LeasePlan offers its clients two forms of vehicle leasing: financial leasing and operational leasing. With financial leasing, the client carries the residual value risk of the car or truck. In addition, the vehicle is usually recorded on the client's balance sheet. With operational leasing, LeasePlan carries the residual value risk and takes legal ownership of the vehicle. Contracts for both types specify the lease period, number of kilometres and payments in addition to other terms.