Car leasing companies offer customers, the use of
a motor vehicle for a fixed or indefinite period of time. The leasing of a
vehicle is offered to customers by car leasing companies, as an alternative, to
vehicle purchase. The difference with a lease is, when the lease runs out the
customers must return the vehicles to the car leasing companies. Most car
leasing companies will allow purchase of the vehicle, when the lease expires.
Leasing offers advantages to both the buyers and the car leasing companies. For
the buyer, lease payments are usually lower than payments on a car loan would
be, and a new model can be selected when the lease runs out. For the car leasing
companies, leasing generates income, and the vehicle can be either sold or
re-leased once the original lease has expired.
