Lease

Lease is a financial arrangement in which a leasing company purchases goods and then makes them available to customers in exchange for a fee.

The specific terms of a lease, such as the term, lease payments, and responsibilities of the lessee and lessor, are usually specified in a lease contract. Leasing is a way to use a company car without the high initial purchase costs and can offer financial benefits to both the lessor and the lessee, depending on the situation.