A lease guarantees the lessee (the renter) use of an Both the lessee and the lessor must uphold the terms of the contract for the lease to remain valid. Sourced from: http://www.investopedia.com/terms/l/lease.asp
Many people nowadays prefer leasing cars rather than buying one, which is seemingly a trend which is contradicting the traditional purchase-and-use in which customers had to get full possession of cars and pay for them in full.
That's called being "upside down," and it's no fun. Sourced from: http://www.edmunds.com/car-leasing/quick-guide-to-leasing-a-new-car.htmlSourced from: http://leaseguy.crestcapital.com/vehicle-financing/14-questions-anyone-leasing-a-car-should-ask/