Leasing a car is a system of possessing a brand new or used car by paying to use it for a definite time. Many vendors offer a range of vehicles that can be leased by customers for a period as and when required. Leasing is similar to renting a car; however, the former is for a relatively longer period. It involves two parties: A lessor and a lessee. Car leasing is not as same as buying a car or renting one. It is an arrangement where in a customer pays to the leasing company for the right to drive a car. The monthly payments that are made as a part of lease agreement do not add to the lessee’s equity (ownership) in the car. The monthly payments just allow the customer to drive the vehicle for a specified period, which is usually 2-3 years.
The global Car Leasing market to grow at a CAGR of 12.61% during the period 2017-2021. The report covers the present scenario and the growth prospects of the global Car Leasing market for 2017-2021. To calculate the market size, the report considers the units of passenger cars leased during the forecast period.
The market is divided into the following segments based on geography:
– Americas
– APAC
– EMEA
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Technavio’s report, Global Car Leasing Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
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Key vendors
– ALD Automotive
– Arval
– ExpatRide
– LeasePlan
– Sixt
Other prominent vendors
– BT Fleet
– Free2Move Lease
– Daimler Fleet Management
– Hitachi Capital Vehicle Solutions
– Inchcape Fleet Solutions
– Masterlease
Market driver
– Easy replacement of cars and cost-saving advantages
– For a full, detailed list, view our report
Market challenge
– Calculation of residual values of cars
– For a full, detailed list, view our report
Key questions answered in this report
What will the market size be in 2021 and what will the growth rate be?
– What are the key market trends?
– What is driving this market?
– What are the challenges to market growth?
– Who are the key vendors in this market space?
– What are the market opportunities and threats faced by the key vendors?
– What are the strengths and weaknesses of the key vendors?
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