Vehicle leases, and particularly rate-supported leases as low as 0 per cent, a level unheard of for the banks, which seldom drop below prime, were developed and popularized by auto manufacturers and their affiliated finance companies as a means of addressing vehicle affordability.

A. whereas property rights can be defined as the rules that regulate the terms by which individual stakeholders, communities, and public and private actors acquire and maintain access to tangible and intangible assets through formal law or customary provisions; whereas according to UN-Habitat, land tenure specifically can be formal (freehold, leasehold, public and private rental), customary or religious in origin; whereas the EU Land Policy Guidelines state that land rights are not always limited to private ownership in the strict sense, but can resort to a balance between individual rights and duties, and collective regulations at dif ...[+++]ferent levels;

A. whereas property rights can be defined as the rules that regulate the terms by which individual stakeholders, communities, and public and private actors acquire and maintain access to tangible and intangible assets through formal law or customary provisions; whereas according to UN-Habitat, land tenure specifically can be formal (freehold, leasehold, public and private rental), customary or religious in origin; whereas the EU Land Policy Guidelines state that land rights are not always limited to private ownership in the strict sense, but can resort to a balance between individual rights and duties, and collective regulations at di ...[+++]fferent levels;

On 4b: In case of some types of leases, legal title is transferred to the lessee. However, for the duration of the lease, the driver is not free to re-register the vehicle.

‘supply contracts’ means contracts having as their object the purchase, lease, rental or hire-purchase, with or without an option to buy, of products.

The Commission analyses the cost-effectiveness of the various options – purchase or leasehold.