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Taking Over a Car Lease: The Pros and Cons

Automotive Addicts

APRIL 24, 2024

A car lease is a contract between a leasing company or dealership (the lessor) and an individual or business (the lessee). The lessee pays a monthly fee to use the vehicle for a set period, and a standard car lease usually lasts 2 to 4 years. What is a car lease? What are the key pros and cons of taking over a car lease?

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Lessee Early Termination Fees Lessor Mileage Limit 52
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Modernizing Document and Income Verification in Auto Leasing with AI

AutoSuccessOnline

AUGUST 16, 2024

However, a recurring and critical requirement for prospective lessees is possessing good credit. Unlike buying, leasing involves the lessee using an asset that the dealer or the lender still owns. The steps necessary in proper verification can add friction for the lessee. What Documents Are Required When Leasing?

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