Leasing businesses arrange the use of vehicles, equipment or other assets for an agreed period in return for regular payments. Rather than buying an asset outright, customers enter into a contract that sets out the term, payment schedule, permitted use and responsibilities for maintenance, insurance and any other costs. Businesses may lease cars, vans, plant, machinery, office equipment or technology to support their operations, while individuals commonly use leasing for cars. The main arrangements include contract hire, where an asset is returned at the end of the agreement, and finance leasing, where the customer uses the asset and may have further options when the term ends. Vehicle leases may include servicing and maintenance, or require the customer to arrange these separately. Contracts can specify mileage limits, condition standards and charges for excess use or damage.