The asset appears in property-plant-and-equipment and is depreciated; the obligation appears as debt and the payment splits into interest-expense and principal. That split means the charge lands below the EBITDA line, so ebitda looks higher than for an identical operating lease.
Classification depends on transfer of ownership, purchase options, lease term relative to asset life and the present value of payments. Two companies with the same trucks can classify differently and report different margins.
Example: Northwind Tools finances $48M of delivery vehicles under finance leases. Depreciation of $9M and interest of $2M replace what would have been $11M of rent, leaving EBITDA $11M higher on identical cash outflow.
Related: operating-lease-liability, ebitda, interest-expense, property-plant-and-equipment, adjusted-ebitda