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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.
Arbuthnot sought a declaration that Havelet Leasing Ltd, whose plane and coach hire business had gone insolvent, had defrauded its creditors by transferring its business, assets and contracts to the related Havelet Leasing Finance Ltd. Arbuthnot had financed part of Havelet's business, and it owned some of the vehicles which were leased to Havelet.
On July 8, 2002, Tyco completed its divestment of its Tyco Capital business through an initial public offering, via the sale of 100% of the common shares in CIT Group Inc. [12] [13] In 2004, the company acquired the technology-leasing unit of GATX for about $200 million in cash. [14]
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.
Deutsche Leasing's first leasing object and the first leasable investment in Germany was a 1962 Sweda cash register. Deutsche Leasing AG offers a range of leasing services, including: [33] [3] Machines leasing (agricultural technology, construction equipment, printing presses, plastic manufacturing plant, medical technology, machine tools)
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 2015, MRC was reorganised as a joint venture between Mitsue & Co and JA Mitsui Leasing Ltd. (JAML). During February 2021, it was announced that terms had been agreed with JAML to take full ownership of MRC, making it a wholly-owned subsidiary of JAML; the new parent company stated that this move would help it expand its presence in the North American market. [1]