From the National Vehicle Leasing Association. A Consumer Guide to Vehicle Leasing Under the federal Consumer Leasing Act, you, the consumer, have a right to information about the costs and terms of a vehicle lease. This information will help you compare lease offers and negotiate a lease that best fits your needs, budget, and driving patterns. From the Federal Trade Commission. Web Sites Auto Leasing Leasing became popular when businesses wanted to operate automobile fleets while avoiding the high cost of ownership and maintenance.
Lessor maintains ownership, fair market value purchase option at lease end.
From BankAmerica Corporation.