Why is a Lease Agreement for a Car important?
Leasing is defined as a tripartite contract. It includes the garage (or dealer), the consumer (you) and the bank that finances the car. The garage provides a vehicle that you lease using the credit granted by the bank. This is essentially a fixed-term lease. At the end of the contract, you return the vehicle to the dealer and stop paying rent. The average leasing period is 2 years but it is possible to sign a longer contract.