What is a vehicle leasing?

Vehicle leasing is the leasing, or the use of, a motor vehicle for a fixed period of time at an agreed amount of money. It is offered as an alternative to vehicle purchase. The key difference in a lease is that after the primary term (usually three or four years) the vehicle has to either be returned to the leasing company or purchased for the residual value.

Leasing a vehicle is beneficial because it allows customers return a car and select a new model when the lease expires which allows you to drive a new vehicle every couple of years without the burden of selling the old car.