Understanding Car Leasing| FORMOSA AUTO LEASING

"Car Leasing" is a common practice in the more economically-developed countries in Europe and USA. The concept of "Usage Rights Vs. Ownership Rights" is becoming more common, as it is both an effective, logical way of using cars and can reduce a company's tax expenditures and management costs. "Car Leasing" has now become a popular trend among Taiwanese companies.


Simply put, this is what Jih-Sun calls "Car Leasing"-
  • ※ It is a type of "Lease instead of Purchase" method of vehicle utilization.
    → You do not need to retain any assets but have the same usage rights as ownership.
  • ※ It is the 3rd option for companies that wish to procure vehicles. The other 2 methods include full cash payment and installment plans.
  • ※ Customers can choose his or her preferred vehicle and other value-added services such as insurance coverage, repairs and maintenance, replacement car, etc.