When buying a vehicle, there’s an exchange of ownership between two parties. The vehicle’s ownership transfers from one party to another. This kind of transaction requires a ProductLink code="BOS" text="Bill of Sale". The person selling the vehicle relinquishes all their rights to it. Conversely, when a vehicle owner leases a vehicle, they remain its owner, meaning the lessee doesn’t have the right to modify the vehicle. Also, the lessor often expects the lessee to return the vehicle in the same condition. Essentially, the lessee rents the vehicle for a set amount of time. As a result, the lessor determines the portion of the vehicle’s total cost that the lessee pays.