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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]
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...
Off-rental: rental car companies normally replace their fleets once a year, releasing a flood of late-model cars to the secondary market. Like the big financial institutions that underwrite car leases, rental companies also rely on auto auctions to sell off their used inventory. These vehicles tend to be well-maintained and driven for only one ...
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 ...
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 ...
A used car, a pre-owned vehicle, or a secondhand car, is a vehicle that has previously had one or more retail owners. Used cars are sold through a variety of outlets, including franchise and independent car dealers , rental car companies, buy here pay here dealerships, leasing offices, auctions, and private party sales.