Search results
Results From The WOW.Com Content Network
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.
Hire purchase. A hire purchase (HP), [1] also known as an installment plan, is an arrangement whereby a customer agrees to a contract to acquire an asset by paying an initial installment (e.g., 40% of the total) and repaying the balance of the price of the asset plus interest over a period of time.
Cars are notoriously bad investments: on average, they lose 57% of their value in the first five years they spend on the road. Now, if you're the sort of person who likes to buy a car every other...
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.
10. 1997-2001 Toyota Camry. The Camry’s reputation for dependability makes Toyota’s midsize sedan a safe bet to reach 300,000 miles. The 1997-2001 Camry year models have the proven stamina to ...
In 1931, DAT came out with a new smaller car, called the Datsun Type 11, the first "Datson", meaning "Son of DAT". Later in 1933, after Nissan Group zaibatsu took control of DAT Motors, the last syllable of Datson was changed to "sun", because "son" also means "loss" in Japanese, hence the name "Datsun" (ダットサン, Dattosan). [16]
Premier Ltd [4] (formerly known as The Premier Automobiles Limited) [5] was an Indian automotive manufacturer company, based in Mumbai. [6] The company was owned by the Walchand Group and was established by Walchand Hirachand as Premier Automobiles Ltd (PAL) in 1944 with the encouragement and support of Sir. M. Visvesvaraya.