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Article: PRODUCT FILE: Vehicle leasing.
- Article from:
- Employee Benefits
- Article date:
- February 5, 2009
CopyrightCOPYRIGHT 2009 Centaur Communications Limited. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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What is vehicle leasing?
This entails payment of a regular sum over a contracted period for the use of a vehicle. Contract hire is an operating lease, with or without maintenance. The vehicle is handed back at the end of the lease period and there is no residual risk. The other method is a finance lease where the liability appears on the balance sheet and the user takes on a risk in relation to the residual value. At the end of the lease, the ...
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... ... together two of the UK's biggest vehicle leasing companies: Halifax-owned Lex Vehicle Leasing, and Lloyds TSB Autolease. A fleet industry insider said ... Walden, managing director of Lex Vehicle Leasing, reportedly said consolidation ...
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