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A rental agreement is a contract of ... (some forms of English use the term "hiring" for ... a car rental agreement may include various restrictions on the way a ...
Although it involves a transfer of risk, a damage waiver option is not insurance but instead a modification to the basic rental contract. [2] In many countries, it is a legal requirement to have a damage waiver included in the basic car rental rate. Some rental companies also offer liability insurance and coverage of towing charges. Terms and ...
Closed-end leases are so called because they run for a fixed term, and the lessor and lessee agree in the lease contract what the residual value of the property being leased will be. In most cases (particularly in retail motor vehicle leases), the lessee has an option to purchase the property for the agreed residual value at the end of the ...
Rental car insurance works the same way as regular auto insurance: you pay a certain amount of money in exchange for an insurance company’s agreement to cover losses and claims up to an agreed ...
Vehicle leasing is the leasing (or the use) of a motor vehicle for a fixed period of time at an agreed amount of money for the lease. It is commonly offered by dealers as an alternative to vehicle purchase but is widely used by businesses as a method of acquiring (or having the use of) vehicles for business, without the usually needed cash outlay.
Lease transfer requirements and eligibility vary among states and are dependent on your car lease agreement. It's also likely that the leasing company will charge you a lease transfer fee, but ...
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