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What does lease mean?

Leasing means renting for a long time

Leasing is best known for the autolease. Autolease contracts are often for 4 years, which means that the tenant can use the car for four years, for a fixed amount per month. All maintenance and insurance etc. Be done by the leasing company: financial lease and operational lease. At financial lease, the lender is only a legal owner (insurance, maintenance, etc. is at the lessee, the customer). In operational lease, the lender is also responsible for the maintenance.

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