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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.
LeasePlan is an international company of Dutch origins, specialised in automobile leasing and fleet management - its products are composed of operational fleet management services. Founded in 1963, [2] [3] it has more than 14% of its approximately 6,600 employees working out of the Netherlands.
The narrower term 'tenancy' describes a lease in which the tangible property is land (including at any vertical section such as airspace, storey of building or mine).A premium is an amount paid by the tenant for the lease to be granted or to secure the former tenant's lease, often in order to secure a low rent, in long leases termed a ground rent.
Lazar 3 has a highly sophisticated, modular ballistic protection. The hull is made of armored steel and can be fitted with a spall liner. The applied ballistic protection can be tailored to the specific needs of the user and allows for application of additional state-of-the-art ballistic protection technologies throughout the vehicle service life.
The lease typically lasts for between 9 and 11 years, after which the management company has the option to either renew, or the property can be sold, or rented out and held privately by the owner. The purchaser/owner can also enjoy periods of usage free of charge through the year, depending upon the terms of the lease.
Leasing or subscriptions are popular in some countries, [73] [74] depending somewhat on national taxes and subsidies, [75] and end of lease cars are expanding the second hand market. [ 76 ] In a June 2022 report by AlixPartners, the cost for raw materials on an average EV rose from $3,381 in March 2020 to $8,255 in May 2022.
The expression "operating lease" is somewhat confusing as it has a different meaning based on the context that is under consideration. From a product characteristic standpoint, this type of a lease, as distinguished from a finance lease, is one where the lessor takes larger residual risk, whereas finance leases have no or a very low residual value position.
A finance lease (also known as a capital lease or a sales lease) is a type of lease in which a finance company is typically the legal owner of the asset for the duration of the lease, while the lessee not only has operating control over the asset but also some share of the economic risks and returns from the change in the valuation of the underlying asset.