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Answer Posted / bharath kumar
Leasing is nothing more than a method of paying for the use
of a car, truck, SUV, or van over a specified period of
time. Sounds like renting, but don't get the two confused
because they are very different. While you can rent a car
for as little as a day, or even a few hours, leasing
typically starts at 24 months and doesn't provide for easy
termination or vehicle swapping.
There are so many leases available, but 2 are very
important as of my knowledge, 1) finance lease 2) Operating
lease.
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