Open end car lease

The open end lease is similar to the closed-end lease, with the major difference being that the consumer leasing the car will be financially responsible for the difference in value if the residual value of the vehicle is less than the actual market value at the end of the lease. This is why before leasing a car its important to learn how to calculate lease payments, along with an understanding of end of lease charges by the leasing company. If the market value if worth less at the end of the lease agreement, you’ll be responsible to pay the difference.

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