The Consumers Guide to Auto Leasing
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Car Leasing Glossary - Auto Lease Assumption

Auto Lease Assumption (car leasing term)

An Auto Lease Assumption is when a person takes over the payments of a leased vehicle with the approval of the original lease company or lessor (define: lessor) from the original lessee and assumes the rights and responsibilities under the current term of the auto lease agreement. 

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2010 Consumer Guide to Car Leasing
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