Im also interested to know more about this. I contacted one company and the understanding given to me is
- you pay a downpayment
- the vehicle will be owned by the finance company
-you pay the monthly lease which is less than the nornal commercial lease installments
- the lease period is short term- like 3 years
-at the end there is a balance to be paid- which is generally 50% of the value of the vehicle. At this point you can decide to sell the vehicle or settle the balance and keep the vehicle to yourself.
Since that company has a considerable online presence, i believe there may be others who have got vehicles from there.
Is there anyone willing to share their experiences? Are there hidden costs/risks?
Much appriciate your valuable insights snd experiences