Definitions for "Short Term Lease"
Also known as the "buyback program". If you are planning on needing a car for more than 17 days, have a US or Canadian passport and live outside the EU, then a short term Peugeot lease might suit you better than a normal rental. The cars are brand new, with little to no mileage on them, include zero excess insurance, fewer restrictions on the countries where you can take them, and are typically cheaper once you get closer to having it for a full month. You can learn more about leasing at our buyback lease page.
A lease which is less than 3 years.
Short term lease or "buyback program" is a tax exempt program that provides you with a factory new Peugeot and includes unlimited mileage, non-deductible fully comprehensive insurance. In order to qualify for a short term Peugeot lease, you must live outside the EU and carry a US passport. To learn more, visit our Peugeot lease page.
a contract that is typically entered into by a lessee (the individual who will be driving the given vehicle) and a lessor (the individual or company that actually owns the vehicle)