Lease, Glossary and Terms, Automotive, Motorcycle, Boat Dealers
List of United States Automotive, Motorcycle, Boat, Dealers, Service Stations
A contract between lessor and lessee for a specified time period and at a specified payment. The title to the car remains in the name of the lessor as owner of the asset. glossary.L.item.6.term:Lease Rate glossary.L.item.6.def:The monthly finance cost of a lease, similar to the interestrate on a conventional loan. Determined by the money factor.