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July 27, 2007, Newsletter Issue #36: Closed-end Lease
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Tip of the Week
There are many different shades of gray when it comes to new car leasing, however, there are really only two main types of leases: open-end and closed-end.
A closed-end lease (also known as walk-away lease) is one in which the consumer is not responsible for the difference between the leased car's actual value and its residual value. Closed-end leases are really the best lease for consumers.
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