【中文版】

杠杆租赁是一种融资租赁形式，出租人一般只需支付设备金额的一部分（一般为20%至40%）就可以获得设备的全额投资回报，是出租人、承租人和出卖人三方之间的特殊金融工具。

在杠杆租赁中，出租人通过出卖人购买承租人所需的设备，并将该设备出租给承租人使用。出租人只需支付设备金额的一部分，即可获得设备的全额投资回报。承租人按照合同约定支付租金，并获得设备的使用权。出卖人则是设备的供应商，负责设备的生产和供应。

杠杆租赁的优点在于，出租人只需支付设备金额的一部分即可获得全额投资回报，而承租人则可以获得设备的长期使用权，并且可以根据自身需求进行选择和调整。此外，杠杆租赁还可以提供税收优惠等金融利益，有利于促进经济发展和产业升级。

杠杆租赁的运作流程包括以下几个步骤：首先，出租人向出卖人购买设备；其次，出租人将设备出租给承租人；再次，承租人按照合同约定支付租金；最后，设备在租期结束后归承租人所有。

杠杆租赁是一种较为复杂的融资租赁形式，需要涉及到出租人、承租人和出卖人三方的利益和风险。因此，在实践中需要各方进行充分的沟通和协商，确保交易的合法、公平和公正。

【英文版】

Leveraged leasing is a form of financial leasing, where the lessor generally only needs to pay a portion of the equipment's cost (usually 20% to 40%) to obtain the full investment return on the equipment. It is a special financial instrument involving three parties: the lessor, lessee, and vendor.

In leveraged leasing, the lessor purchases the equipment required by the lessee from the vendor, and then leases the equipment to the lessee for use. The lessor only needs to pay a portion of the equipment's cost to obtain the full investment return. The lessee pays the rent according to the contract terms and receives the use of the equipment. The vendor is the equipment supplier, responsible for equipment production and supply.

The advantages of leveraged leasing are that the lessor only needs to pay a portion of the equipment's cost to obtain the full investment return, while the lessee can obtain long-term use of the equipment and make choices and adjustments based on their own needs. In addition, leveraged leasing can provide tax benefits and other financial benefits, which are conducive to promoting economic development and industrial upgrading.

The operational process of leveraged leasing includes the following steps: first, the lessor purchases the equipment from the vendor; second, the lessor leases the equipment to the lessee; third, the lessee pays the rent according to the contract terms; and finally, at the end of the lease period, the equipment becomes the property of the lessee.

Leveraged leasing is a relatively complex form of financial leasing that involves the interests and risks of three parties: the lessor, lessee, and vendor. Therefore, in practice, it requires full communication and negotiation among all parties to ensure that the transaction is legal, fair, and equitable.