Car Leasing Glossary - Assignee

Assignee (car leasing term)

A third party that buys a lease agreement from a lessor (define: lessor). You become obligated to the assignee, and the assignee generally assumes the responsibilities of the lessor, although some obligations may remain with the lessor. An assignee may be a lessor for purposes of Regulation M when the assignee has substantial involvement in the lease.

Car Leasing Assignment