A Finance Lease is a rental agreement where the financier legally owns the vehicles and you lease it for an agreed term. The finance company purchases your vehicle and you rent it from them for an agreed monthly repayment. At the end of the term you make a final payment and the car is yours, or you can dispose of it.
A Finance Lease allows businesses to take a residual position on the vehicle for the end of the term, providing it is within the Australian Taxation Office guidelines. This allows you to set repayments to cash flow requirements and potentially reap the benefit from the vehicle selling at a higher price than the residual.