Renting or operational leasing of vehicles (AOV) is a solution that makes a car available to individuals and companies, through a rental contract with associated services, for a predetermined period and mileage and against payment of a rent. This rent includes the cost of the rental, maintenance, and other contracted services.
Fleet Management Company
Synonym for Renting company.
It is the technical term for Renting.
At the end of the Renting contract, generally, the vehicle is delivered to the Renting company to be sold. In this sense, the vehicle must be returned in conditions of normal use, being admitted a certain wear and tear according to its age and mileage. The process of returning and inspecting the vehicle at the end of the contract is called reconditioning.