Leasing is a contractual agreement where one party grants another party the right to use an asset for a specified period in exchange for periodic payments. Unlike [[renting]], which typically involves short-term agreements and often includes services like maintenance or utilities, leasing is usually long-term and often involves higher-value assets such as vehicles or equipment. Leasing agreements often include options to purchase the asset at the end of the term. Companies using the leasing [[revenue model]] include car manufacturers like Ford and Toyota, which offer vehicle leasing options to consumers, and technology companies like Apple and Dell that lease equipment to businesses.