# Leased vehicle

> Vehicle held under an operating or financial lease as an alternative to purchase.

**URL:** https://quilometragem.com/glossary/leased-vehicle

**Summary:** Vehicle held under an operating or financial lease as an alternative to purchase.

- A leased vehicle is held under a fixed-term contract (24, 36, 48 months) with monthly payments and return or buy-out at the end.
- Operating lease: the lessor handles maintenance and insurance; finance lease: the user does.
- For corporate fleets, leasing smooths cash flow, outsources depreciation, and refreshes the fleet every cycle.

A leased vehicle is held under a fixed-term contract (24, 36, 48 months) with monthly payments and return or buy-out at the end. Operating lease: the lessor handles maintenance and insurance; finance lease: the user does. For corporate fleets, leasing smooths cash flow, outsources depreciation, and refreshes the fleet every cycle.