The Consumers Guide to Auto Leasing
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Car Leasing Glossary - Lease

Lease (car leasing term)

An agreement, usually for two to five years, that allows the lessee to drive a car for the term of the lease, but the lessee does not own the car. A monthly lease payment is usually lower than a car loan because the lessee is paying only for depreciation on the car plus charges. The lessee is usually responsible for repairs, maintenance and insurance on the vehicle.

Car Leasing Lease Assumption Car Leasing Lease Assumption

 
   
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2011 Consumer Guide to Car Leasing
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