Search results
Results from the WOW.Com Content Network
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 fleet vehicle is a vehicle owned or leased by a business, government agency, or other organization rather than by an individual or family. Typical examples include vehicles operated by car rental companies , taxicab companies , public utilities , public transport , and emergency services .
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.
Usually, car leases allow the lessee to drive the car for a certain number of miles for a certain number of years. The lessee pays a fixed monthly payment for the privilege of driving the vehicle, and when the lease ends, the lessee returns the vehicle to the lessor. The lessee pays only for the value of the vehicle for the term of the lease.
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. [13]
Father and son team Leslie Gonda and Louis L. Gonda founded ILFC in 1973 along with Steven F. Udvar-Házy. [citation needed] The company was acquired by international insurance giant American International Group (AIG) in 1990, although the unit was still run by Udvar-Hazy until he retired in February 2010, when he was succeeded by vice-chairman Alan Lund.
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.
GATX freight car in New York City. The company was founded as Atlantic Seaboard Dispatch in Chicago, Illinois, in 1898 by Max Epstein to ship beer in refrigerated railcars for Duquesne Brewing Company. [1] [2] In 1902, the company was renamed German-American Car Co.