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Long term car rental
is a written contract or agreement by which one party transfers
a vehicle to another for a specified term and for a specified
payment. Typically, a bank serves as the lessor and an individual
is the lessee. The Lessor actually owns the vehicle and simply
charges the lessee for using the vehicle throughout the term
of the lease. Lease contracts involve a myriad of variables
ranging from term to interest rate to mileage allowance to
disposition fees. Basically, Long Term Car Rental is Car Leasing.
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