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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.
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.
Since the end of the 20th century, several award competitions for cars and trucks have become widely known, such as European Car of the Year, Car of the Year Japan, North American Car of the Year, World Car of the Year, Truck of the Year, and International Car of the Year. [citation needed] Examples of modern cars: [citation needed]
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]
4. 2011-2016 Hyundai Elantra. Hyundai is known for delivering quality at an affordable price, and the Elantra is no exception. This compact sedan is designed to go 300,000 miles or more, making it ...
A year later, Toyota outlined its electric-vehicle plans for between 2020 and 2030 to the press in Tokyo, saying it would introduce "more than 10" battery-electric vehicles worldwide by the early 2020s, beginning in China, and later in Japan, Europe, the US and India. [174]
Percent of cars 15 years or older kept by original owner: 5.5%. How that compares to the average: 1.5x. Gabrielle Olya contributed to the reporting for this article. More From GOBankingRates.
Car shopping can be a stressful endeavor, especially if you're not entirely sure what you want, and if you're on a tight budget. More: Don't Buy a Car at a Dealership on This Day of the ...