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What is a closed-end lease?

Closed-end Lease

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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