In a finance lease, who typically owns the vehicle during the lease period?

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Multiple Choice

In a finance lease, who typically owns the vehicle during the lease period?

In a finance lease, ownership sits with the finance company (the lessor) for the lease term. The customer pays to use the vehicle and bears the use-related costs, but legal title remains with the finance company until any purchase option is exercised. The bank may provide funding, and the dealer sells the vehicle, but they do not own it during the lease.

In a finance lease, ownership sits with the finance company (the lessor) for the lease term. The customer pays to use the vehicle and bears the use-related costs, but legal title remains with the finance company until any purchase option is exercised. The bank may provide funding, and the dealer sells the vehicle, but they do not own it during the lease.

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