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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.
GTLK (Russian: Государственная транспортная лизинговая компания, ГТЛК; English: State Transport Leasing Company) is Russia's largest leasing company. [1] Its offices are in Salekhard, Yamalo-Nenets Autonomous Okrug, Russia. [2]
LeasePlan UK was created in 1979. The company operates a fleet of over 137,000 vehicles including over 38,000 commercial vehicles. [14] [non-primary source needed] Major clients include NHS, [15] Virgin Media [16] and Carlsberg. [17]
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.
In the United States, this spread into leasing the assets of U.S. cities and governmental entities and eventually evolved into cross-border leasing. One significant evolution of the leasing industry involved the collateralization of lease obligations in sale leaseback transactions. For example, a city would sell an asset to a bank.
General Motors of Canada Limited v City National Leasing: Citations: 1989 CanLII 133 (SCC), [1989] 1 SCR 641: Docket No. 19724 [1] Prior history: APPEAL from a judgment of the Ontario Court of Appeal, (1986), 28 DLR (4th) 158, allowing in part an appeal from a judgment of Rosenberg J, (1984), 12 DLR (4th) 273. Ruling
Mitsui Rail Capital, LLC (MRC) was established in June 1996 in the U.S. state of Illinois and has business offices in Chicago (Illinois) and Des Moines . During 1997, Unitrain MRC, a specialist in coal transportation, was acquired by the company. A major sector of the firm's operations was the leasing of freight cars, particularly coal wagons.