Car leasing is a form of financing that allows individuals and businesses to obtain a vehicle without having to purchase it outright. It involves a contract between the lessee (the person leasing the car) and the lessor (the company providing the car). The lessee pays a fixed monthly fee for the duration of the lease, and at the end of the lease period, the lessee can either return the car or purchase it.
Car leasing is a popular option for those who want to drive a new car without the commitment of ownership. It also allows businesses to acquire vehicles without having to make a large upfront payment. The lessor typically covers the cost of maintenance and repairs, and the lessee is only responsible for the monthly payments.
Car leasing is a competitive market, with many companies offering different types of leasing options. These companies include banks, car dealerships, and independent leasing companies. They offer a variety of leasing plans, including short-term leases, long-term leases, and no-money-down leases.
Some of the companies in the car leasing market include Enterprise, Hertz, Avis, and U-Haul. Show Less Read more