article thumbnail

Taking Over a Car Lease: The Pros and Cons

Automotive Addicts

Leasing a car can be an attractive option for individuals seeking short-term access without a long-term loan commitment. A car lease is a contract between a leasing company or dealership (the lessor) and an individual or business (the lessee). What is a short-term car lease? What is a short-term car lease?

Lessee 52
article thumbnail

Modernizing Document and Income Verification in Auto Leasing with AI

AutoSuccessOnline

Since the car is not owned by the lessee, the lessor needs assurance that the lessee will reliably fulfill their payment obligations throughout the lease term. This difference requires stringent credit requirements for lease customers. Proper document and income verification are key.

Lessee 52