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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.
A lease is a contractual agreement between a person who owns the property (lessor) and a person who gets to use it during the term of the lease (lessee). Usually, car leases allow the lessee to drive the car for a certain number of miles for a certain number of years.
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.
Typical examples include vehicles operated by car rental companies, taxicab companies, public utilities, public transport, and emergency services. Many businesses purchase or lease fleet vehicles to deliver goods to customers, as well as providing vehicles for sales representatives to travel to clients. In some jurisdictions and countries ...
If you’re planning to move into a new apartment, chances are you might be considering whether to sign a short- or long-term lease.. Take a Look Back: 2022 Year in Review Read: 5 Things You Must ...
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.
Penske Auto Centers – A former subsidiary that had operated auto repair centers within selected Kmart stores from 1995 [8] [9] until 2002. [ 10 ] [ 11 ] VM Motori S.p.A. [ 12 ] – 50% was bought in 2003 and the rest in 2007, but a 51% stake was sold to Fiat S.p.A. in February 2011, and the remainder sold to Fiat in 2013.
The International Lease Finance Corporation (ILFC) was an aircraft lessor headquartered in the Constellation Place in Century City, Los Angeles, California, US. [ citation needed ] It was the world's largest aircraft lessor by value, though ILFC's rival, General Electric's GECAS unit, had more aircraft.