Definition of Company-lessee automotive outlet

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TeachMeFinance.com - explain Company-lessee automotive outlet



Company-lessee automotive outlet

The term 'Company-lessee automotive outlet' as it applies to the area of energy can be defined as ' One of three types of company automotive (retail) outlets. This type of outlet is operated by an independent marketer who leases the station and land and has use of tanks, pumps, signs, etc. A lessee dealer typically has a supply agreement with a refiner or a distributor and purchases products at dealer tank wagon prices. The term includes outlets operated by commissioned agents and is limited to those dealers who are supplied directly by a refiner or any affiliate or subsidiary company of a refiner'.

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Mark McCracken

Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English".


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