Traditional Culture Encyclopedia - Traditional customs - What is automobile financial leasing?
What is automobile financial leasing?
Automobile financial leasing is theoretically a special form of leasing, which belongs to a kind of leasing according to the contract law; \x0d\\\x0d\\in fact, financial leasing, especially the financial leasing of automobiles, is a loan. What makes \x0d\\\x0d\\cars special is that, generally, people who buy a car will register it in their own name (their own on the license plate), but according to the requirements of financial leasing, the ownership of the car is that of the financial leasing company. In order to solve this contradiction, it is usually on their own license plate, mortgaged to the financial leasing company. But the contract stipulates that the ownership belongs to the financial leasing company. \x0d\\\\x0d\ so it's pretty much the same as putting up a loan.
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