Read this tip to make your life smarter, better, faster and wiser. LifeTips is the place to go when you need to know about Car Leasing and other Auto Loans topics.
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.