English question: What do you mean by buying a car, renting a car and financing? What's the difference

It means renting a car. The ownership of the car belongs to the car rental company. Users pay the rent on time and get the right to use the car during the lease period.

The original meaning of finance is finance, which refers to buying a car by credit. The ownership of the vehicle purchased by the loan is the user himself. Users mortgage it to banks or other financial institutions to obtain loans, and use this loan to pay for the purchase of vehicles. Then pay the bank in installments.

For leasing, some leases stipulate that after the lease period ends, the leasing company will not take back the vehicle, but give it to the user free of charge (or at a low price). This kind of lease is similar to loan purchase in practice. However, due to the legal restrictions on the company's behavior (leasing companies are not allowed to engage in financial credit business, and financial companies are often not allowed to engage in leasing business), the actual name and applicable legal norms are very different.

In addition, the car is mainly responsible for the license plate of the vehicle. Therefore, the license plate for renting a car is stipulated by the leasing company. After the lease expires, the license shall be recovered by the leasing company. The loan to buy a car is owned by the individual. After the arrears are paid off, the loan contract is terminated and the owner does not need to change the license plate.