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mregueral mregueral
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10 months ago
A closed-end lease is a lease in which the

▸ lessor takes the risk that the resale value of the car at the end of the term will be less than what was originally assumed.

▸ terms of the lease contract are nonnegotiable by the lessee.

▸ lessee takes the risk that the resale value of the car at the end of the term will be less than what was originally assumed.

▸ terms of the lease contract are nonnegotiable by the lessor or lessee.
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Personal Finance

Personal Finance


Edition: 2nd
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johnmiltonjohnmilton
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10 months ago
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mregueral Author
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10 months ago
Good timing, thanks!
big_larry_samp
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Yesterday
Thanks
Kstan109
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2 hours ago
Smart ... Thanks!
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