Leasing Engl
Leasing is the financing of a purchase object (consumer or investment goods) for use without coming into their possession (hire purchase). In leasing, the focus is on the use and use of a leased object and not property. Ownership of the leased object remains until End of leasing with lessor and can be transferred to the lessee by purchase at the end of the term.The leasing company acquires ownership of the leased object (e.g. a vehicle) and leaves it to the lessee for use and use against the payment of the agreed monthly lease payment contractual lease term.
As an important part of the lease contract, the obligation to maintain the leased object is transferred to the lessee and he is liable for any damage to the leased object during the leasing period (by means of his compulsory comprehensive insurance).
After the lease expires, the leased property must be returned, unless the property is purchased at the contractually defined surrender value. Depending on the configuration, leasing is relatively expensive, since fixed costs such as fully comprehensive insurance must be included in the leasing rate. While it is possible to switch to a partially comprehensive insurance for a longer period of possession of your own vehicle, the obligation to fully comprehensive insurance remains in place for the entire lease term for leasing. This makes leasing significantly more expensive. Another option, which is often cheaper than leasing, is to take out a car loan. You can find an example of a cost comparison in our blog.
