Is a lease the same as a lien?

The lender keeps a lien against the vehicle (this is noted on the title). And when the term is over, you “own” the vehicle and the lien on the vehicle's title is released. With leasing, it's a little different. ... What happens with a vehicle lease is you pay for the value of the vehicle that you use.

Is lienholder the same as owner?

Is a Lien Holder an Owner? Although the lien holder's name appears on the certificate of title, they aren't actually the owner of the vehicle. By purchasing the car, you become the practical owner, whereas the lender merely has a financial interest in the property.