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What Is a Vehicle Lease Agreement?

A Vehicle Leasing Agreement is a contract made between a vehicle owner (lessor) and someone who pays the owner to have possession of the vehicle for a predetermined period (lessee). The lessee will have to pay for using the vehicle temporarily for the negotiated period of time. Any motor vehicle may be leased with this Agreement. A Vehicle Lease Agreement is most commonly used with new and pre-owned cars, trucks, and motorcycles. However, the agreement may also be used with any other motor vehicle that has a Vehicle Identification Number (VIN) and license plate.

Other Names for This Document:

  1. Vehicle Lease Contract
  2. Car Lease Agreement
  3. Motor Vehicle Lease Form
  4. Lease of Vehicle Agreement
  5. Leasing of Vehicle Agreement
  6. Automobile Lease Agreement