What does vehicle lease-to-own mean?

[Doreen]

Lease-to-own means obtaining the right to use a vehicle through leasing. Here is relevant information about lease-to-own: 1. Benefits: The lease-to-own process is very simple, generally only requiring a driver's license, ID card, and bank card to proceed. People who want to try ride-hailing services like Didi can use this method to experiment with relatively little capital. If they find Didi unsatisfactory, they can exit at any time without the monthly payment pressure of a car loan. 2. Rights: During the lease period, you can choose to return the car or continue leasing. After leasing for a certain period (usually three years), you can obtain ownership of the vehicle at a very favorable price. In essence, it's more accurate to understand it as a "disguised installment payment method for car purchase" rather than just "car leasing."