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What it Means to Lease
Signing a car leasing contract means that you agree to make regular monthly payments, maintain your vehicle, keep appropriate auto insurance, pay local vehicle taxes and licensing fees, and take good care of the vehicle. Further, you agree that you'll keep the car for a specified number of months - typically 24, 36, or 48 months - and you're expected to stick it out to the end.
Just to be clear, when you lease a car you are responsible for all maintenance, service, insurance, tags, taxes, and local fees just as if you owned the car. Remember, leasing is not renting.
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