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Vehicle leasing is the leasing (or the use) of a motor vehicle for a fixed period of time at an agreed amount of money for the lease. It is commonly offered by dealers as an alternative to vehicle purchase but is widely used by businesses as a method of acquiring (or having the use of) vehicles for business, without the usually needed cash outlay.
Multi-stop trucks owned and operated as fleet vehicles by Purolator Inc. Police cars owned and operated as fleet vehicles by the California Highway Patrol. A fleet vehicle is a vehicle owned or leased by a business, government agency, or other organization rather than by an individual or family.
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In Europe, LeasePlan, a vehicle leasing company, will offer subscriptions with their CarNext.com platform. [30] [31] VAI, a brazilian subscription service for ride-sharing drivers was founded in December 2017 in Sao Paulo. The German company like2drive GmbH was founded in February 2018 as part of the Fleetpool Group. [32]
A typical franchised, new car and truck dealership in the United States Car dealership showroom. In the United States, a car dealership is a business that sells cars.A car dealership can either be a franchised dealership selling new and used cars, or a used car dealership, selling only used cars.
Vehicle remarketing is the controlled disposal of fleet and leasing vehicles that have reached the end of their fixed term. In vehicle leasing, after the lease expires, the lessee either returns the vehicle to the supplier or buys it. The vehicles that are not purchased by the driver become an unwanted asset for the fleet or leasing company ...
Enterprise Rent-A-Car in South Burlington, Vermont. Enterprise Rent-A-Car is an American car rental agency headquartered in Clayton, Missouri, in Greater St. Louis.Enterprise is the flagship brand of Enterprise Holdings, which also owns other agencies including Alamo Rent a Car and National Car Rental.
In 1968 the Vienna Convention on Road Traffic gave one of the first international definitions of a motor vehicle: (o) “Power-driven vehicle” means any self-propelled road vehicle, other than a moped in the territories of Contracting Parties which do not treat mopeds as motorcycles, and other than a rail-borne vehicle;