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How are the terms of a vehicle replacement transaction determined for a leased vehicle?

April 26, 2017leased replacement terms transaction vehicle

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How are the terms of a vehicle replacement transaction determined for a leased vehicle?

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A lessee may elect to receive a replacement vehicle which would be a collateral exchange. If a consumer elects a replacement vehicle and an acceptable replacement is not found, a lease refund ( 227.23KB) will be processed.