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walk away
(redirected from Closed-End Leases)

   Also found in: Dictionary/thesaurus, Financial, Wikipedia 0.02 sec.
See: evacuate, move, quit


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says open-ended leases are superior to cookie-cutter closed-end leases for several reasons.
This paper shows that previous applications of these approaches have ignored the value of the consumer's right under some closed-end leases to purchase the leased auto at a predetermined price and as a consequence have overstated the net costs of these leases.
Closed-end leases are more popular because they don't require additional money at the end of the lease if the resale value of the vehicle has dropped below the original estimate of the value.
 
 
 
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