期刊名称：International Journal of Advances in Engineering and Management
电子版ISSN：2395-5252
出版年度：2021
卷号：3
期号：1
页码：457-460
DOI：10.35629/5252-0301309330
语种：English
出版社：IJAEM JOURNAL
摘要：A car lease is a popular type of auto financing that allows you to ―rent‖ a car from a dealership for a certain length of time and amount of miles. One has typically make monthly lease payments on a vehicle, and in exchange the dealer allows you to drive it. At the end of the lease, you‘ll either return the vehicle to the dealership or buy out your lease if you want to keep the car, if that‘s an option in your lease. Automobile leasing is now a getting popular for using an automobile without owning it. It is becoming an efficient alternative to avoid hassles of auto loans, car maintenance, yearly taxation etc & provides comfort and flexibility. Automobile leasing is a contact between the service provider & it is given on fixed duration of time at an agreed amount for the lease.Vehicle leasing offers advantages to both buyers and dealers. For buyers they need not worry about any car loan and the vehicle will be provided in usually in lower lease amount. Car leasing earlier was only known as corporate leasing and was limited to only some of the senior executives of the corporate. Car leasing is one of the fastest growing sectors & has the potential to grow very rapidly in future. As per research there are many pros and cons of the car leasing fleet. The drawbacks usually are for making lease payments for a year or months then the person should have strong and predictable source of income. They will usually provide mileage limit which ranges from 10000-15000 miles per year. If the customer goes beyond it then they will charge additional fee per mile.
