Lessee: What does it mean?

In the context of car leasing, a "lessee" refers to the person or entity who is renting a vehicle from a leasing company.

As a UK driver, you may come across this term when considering leasing a car instead of purchasing it outright.

The lessee is responsible for making regular payments to the leasing company for the duration of the lease agreement, typically spanning a few years.

During this time, the lessee has the right to use the vehicle but does not own it.

This arrangement allows drivers to enjoy the benefits of driving a new car without the financial commitment of buying one.