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The real benefit comes in sharing basic software across the industry, thereby freeing up GM's engineers to focus on its own software business, which is key to GM.
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.
Drivers looking to lease a car in 2025 will be delighted to know that the price of auto leases could be on the decline. In 2024, car sales were down so automakers and dealerships could be looking ...
CDK Global Inc. is an American multinational corporation based in Austin, Texas, providing data and technology to the automotive, heavy truck, recreation, and heavy equipment industries. [ 4 ] [ 5 ] The company has 37 locations in 25 countries [ 6 ] and its products are sold in over 100 countries, [ 5 ] however most of its customers are in the ...
A lease is a contractual agreement between a person who owns the property (lessor) and a person who gets to use it during the term of the lease (lessee). Usually, car leases allow the lessee to drive the car for a certain number of miles for a certain number of years.
This option, but not the obligation, to acquire the car after a period equivalent to a contract hire is therefore packaged as either an option (in law) to purchase the car (a call option) at a 'set' price, or a right to sell the car (a 'put' option) at a set price after ownership is fully achieved from the final ‘balloon’ payment.
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