The other vehicle has the right of way.
Right of way is the privilege to traverse over or through real estate that is the property of another, frequently based on an easement;
A vehicle must stop and cede the right-of-way to traffic already using the roadway as well as to pedestrians when entering it from a driveway, alley, private road, or any other place that is not a roadway.
As you leave a parking lot and enter a street, you make a right turn. On your left, a car is drawing near. Prior to making a turn onto the street, you must stop and wait for the car to pass.
You would have to yield to oncoming traffic coming from both directions if you were making a left turn. You would have to wait for a pedestrian to cross the parking lot exit if one were to be there.
Learn more about the right of way here:
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