>> car lease
A Car Lease or a Finance Lease is a car rental agreement, which enables the borrower to have the use of a car or commercial vehicle and the benefits of ownership, while the lender retains actual ownership of the vehicle. The borrower is required to make fixed monthly repayments to the lender for the duration of the lease contract.
Depending on the lease, the borrower may either take ownership of the motor vehicle, trade the car in, or re-finance the residual/balloon and continue the lease.
There are a number of
car lease types.
The lease that is most suitable to your circumstances should be considered in
conjunction with your accountant or financial advisor.
Why consider a Car Lease?