Not everyone wants or can afford to purchase a car. Typically when it comes to buying a car, a person will either need cash, or they will need to be able to qualify for a car loan. For some people, it is much easier to get a lease for the car. The deals are a lot more favorable, they don’t have to put as much money up, and they are not stuck with an old car after they pay off a car loan. It is for these reasons that many people prefer a car lease over a traditional car loan or paying cash for the car.
Some companies and individuals need a leased car not because of money reasons but simply because of logistics, the nature of the business that they are in, the amount of traveling that they do and because it only makes more sense to lease a car than to purchase one straight out. It is often the case that many companies will hire a car for their workers. They do this for many different reasons. Some companies have employees who work in the field and who will need a quality car. It makes for more sense to lease a fleet of cars than to buy one or to have their employees depend on their transportation. The majority of the fleet lease deals happen from companies.
When it comes to individuals leasing a car, leasing just means that they are renting a car for a specific amount of time, they can only drive a specific number of miles per year and other restrictions. What individuals do this they have many different reasons some do not want a car for the long term; some people want a new car almost every year or two, some people simply do not want a car loan.