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Correct. If the car lease is worth $48,000.00 of lease payout, the guarantor should have $48,000 of your money deposited in a trust account, in case you walk away.
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查了一下, If you're a guarantor, you're simply a spectator; a guarantor agrees to take over the debt if the other person does not pay. However, a guarantor won't be called to action until the lender has exhausted all other means of collection from the original borrower.