Posts Tagged: open end versus closed end lease

Open end versus closed end lease

What the difference is between an open and closed end lease? Open end versus closed end summary: A closed end lease provides the lowest level of risk as long as you maintain the car or truck in good condition and don’t exceed the mileage limits. You’ll pay a higher lease payment, but you can walk away at the end of the lease without paying any surcharges. You can buy the car at the end of a closed end lease for the exact amount stated in the lease, but you’ll be … Read More