Subvented Lease — A type of lease where manufacturers will reduce the cost of the lease through a subsidy, usually through the increase of the residual value or the decrease of the interest rate. These subsidies reduce the monthly payments that the lessee is… … Investment dictionary
lease — Form of contract transferring the use of a vehicle in consideration of payment. Also see closed end lease off lease open end lease subsidized lease subvented lease … Dictionary of automotive terms
subsidized lease — A subvented lease is a lease offered by manufacturers with special incentives to make it more attractive. Special incentives often take the form of a lower base interest rate, higher residual values, and manufacturer discounts. In many cases, a… … Dictionary of automotive terms
Law of Hong Kong — The law of Hong Kong is based on the rule of law and the independence of the Judiciary. The constitutional framework for the legal system is provided by the Hong Kong Basic Law Under the principle of ‘one country, two systems’, the Hong Kong… … Wikipedia
manufacturer discounts — In some leases, particularly subvented leases, the manufacturer reduces the MSRP which lowers the purchase price of the vehicle, which the lease is based on. This is a form of capitalized cost reduction … Dictionary of automotive terms
