The Car and Truck Fleet and Leasing Management Magazine

Popular Leasing Changes Name and Appoints New President

May 10, 2004

Eli Sepulveda has been named president of Popular Auto Inc. (formerly known as Popular Leasing), which is headquartered in San Juan, Puerto Rico. Former president Andres Morrell has retired.
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The term used in some European countries, e.g., Spain, for closed end leases, which ordinarily include the lessor assuming responsibility for maintenance and tire costs in addition to residual value risk.

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