What Is a Vehicle Lease Agreement?
A Vehicle Leasing Agreement is a contract made between a vehicle owner (lessor) and someone who pays the owner to have possession of the vehicle for a predetermined period (lessee). The lessee will have to pay for using the vehicle temporarily for the negotiated period of time. Any motor vehicle may be leased with this Agreement. A Vehicle Lease Agreement is most commonly used with new and pre-owned cars, trucks, and motorcycles. However, the agreement may also be used with any other motor vehicle that has a Vehicle Identification Number (VIN) and license plate.
Other Names for This Document:
- Vehicle Lease Contract
- Car Lease Agreement
- Motor Vehicle Lease Form
- Lease of Vehicle Agreement
- Leasing of Vehicle Agreement
- Automobile Lease Agreement