Posts in category Car leasing

The Coronavirus is taking leasing casualties

Hertz is closed

Undoubtedly, the leasing industry will suffer significantly from the economic recession caused by measures to combat the Coronavirus. The Wall Street Journal announced last Friday, May 22, 2020, that the world’s oldest car rental and leasing company and one of the largest in the United States, Hertz, has filed for bankruptcy. In March 2020, Hertz […]

Lease Transfer

Lease transfer

A lease transfer, or lease swap, is a transaction in which one lesseeThe lessee is the user of… More transfers to another the right to use the leased asset along with the obligation to pay the remaining lease payments. The new lesseeThe lessee is the user of… More /acquirer/ accepts the terms of the lease, […]