Leasing is an attractive way to purchase a car instead of buying it for cash.
Leasing is a modern and up-to-date form of fixed asset financing. The main attention is paid to the use of a leasing object but not the ownership right. The leasing company receives the ownership of the leased object and transfers it to the lessee for temporary use with the obligation to pay the agreed monthly lease payments. The ownership of the leased object remains with the person who leases the leased object.
Upon the expiration of the leasing agreement, the leased object must be returned. By agreement of the parties, the leased object may be bought out or the agreement concerning the leased object may be extended.