6. What financing method is used when company cars are provided to employees?
a. Cash purchase by organization (i.e., organization-owned fleet)
b. Contract hire/operating lease WITHOUT maintenance (i.e., finance company does not have responsibility for maintenance)
c. Contract hire/operating lease WITH maintenance (i.e., finance company maintains the car)
d. Finance lease (i.e., leases that transfer to the lessee substantially all the risks and rewards incidental to ownership of the car. All other leases are contract hire/operating leases. Finance leases do not typically include maintenance.