Free Vehicle Lease Document Templates
What Is A Vehicle Lease?
A lease is a contract that allows one party to use another’s property for an agreed-upon time period, usually in exchange for rent payments. The lessee does not own the leased property and typically has no right to sell or transfer it during the term of the lease. A vehicle lease differs from other types of leases because it covers a motorized vehicle like cars, trucks, and motorcycles only. It also provides more flexibility than purchasing a car since you’ll have lower monthly payments with this type of financing option.
Vehicle leases can be between two individuals, family or business partners. To write your own vehicle lease, download the template and fill in the required criteria.
Why Lease a Vehicle In Canada?
Can provide more flexibility than purchasing
Leasing a vehicle allows for a strong negotiation for both parties
Buyer lacks cash to purchase upfront
Poor credit issues prevent loan approval
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