vehicle leasing
Temporary automobile agreements
Vehicle leasing is a financing arrangement where you pay to use a car, truck, or other vehicle for a set period—typically two to four years—without owning it.
Monthly payments cover depreciation and interest rather than purchase price.
At the end of the lease, you return the vehicle or sometimes buy it outright.
She preferred leasing to buying because she liked driving a new car every few years.
- depreciationAsset value reduction over time
- residual valueWorth after depreciation ends
- fair market valueObjective exchange price
- contractEnforceable written agreement
- credit scoreNumerical measure of borrower reliability
car rentals · company cars · consumer protection laws · fleet · tax benefits · wear and tear · mileage limit · insurance premiums · down payment · balloon payment · miles · early termination · monthly · rental · agreement · terms · dealership · upgrade
- leasingtenant, rent, landlord rights, landlord, rental
- fleet operationsdispatch, dispatching, route planning, GPS tracking, telematics
- transportationcar, bus, airplane, train, plane
- Fleet Managementfleet management, GPS tracking, telematics, dispatch, routing