Posts Tagged: closed-end lease

Closed-end lease

What is a closed-end vehicle lease? A closed-end lease is the most common vehicle leasing arrangement. At the end of a closed-end lease you return the vehicle in good condition and within the agreed-upon mileage and you walk away without owing any money. Or, you can buy the vehicle for the residual value stated in the lease. Buying the vehicle is optional. What are the drawbacks to a closed-end lease? End of lease charges—If you read the fine print in a closed end lease you’ll see that you agreed to return … Read More