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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.
Minimum lease payments are rental payments over the lease term including the amount of any bargain purchase option, premium, and any guaranteed residual value and excluding any rental relating to costs to be met by the lessor and any contingent rentals. Leased asset is depreciated in books of lessee over its useful life if lessee intends to ...
Elements of a lease purchase contract typically include: Property value - The agreed sale price of the property. Duration - The time frame of the agreement. Monthly payment - How much the lessor will be paying monthly. Rent credit - How much of the lessor's monthly payment will go to the eventual purchase price at the end of the lease.
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.
An anti-roll bar (roll bar, anti-sway bar, sway bar, stabilizer bar) is an automobile suspension part that helps reduce the body roll of a vehicle during fast cornering or over road irregularities. It links opposite front or rear wheels to a torsion spring using short lever arms for anchors.
A torsion bar suspension, also known as a torsion spring suspension, is any vehicle suspension that uses a torsion bar as its main weight-bearing spring. One end of a long metal bar is attached firmly to the vehicle chassis; the opposite end terminates in a lever, the torsion key, mounted perpendicular to the bar, that is attached to a ...
An anti-intrusion bar or beam is a passive safety device, installed in most cars and other ground vehicles, which must protect passengers from side impacts. [1] Side impacts are particularly dangerous for two reasons: a) the location of impact is very close to the passenger, who can be immediately reached by the impacting vehicle; b) in many side-impact accidents, the impacting vehicle may be ...