There are differences between leasing and buying a car. when you you own the car when you finish paying.

There are differences between leasing and buying a car. When you lease, you own the car when you finish paying.

Explanation:

The lease is a contract by which the owner transfers the right to use a certain good or property to a tenant, in exchange for the payment of rental leases for a determined period, at the end of which the tenant has the option to buy the leased property paying a certain price, return it or renew the contract.

Once the term of the contract expires, the lessee has the right to acquire the property at a specific price, which is called "residual", since its calculation is given by the difference between the original price paid by the lessor (plus interest and expenses) and the amounts paid by the lessee to the lessor.

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