Open-end lease is:
Posted: Thu Jul 21, 2022 8:53 pm
Open-end lease is:
A. An automobile lease under which the estimated actual value of the car is used to determine lease payments
B. If the car is worth less than this value at the end of the lease, the lessee must pay the difference
C. If the car is worth less than this value at the end of the lease, the lesser must pay the difference
D. An automobile lease under which the estimated residual value of the car is used to determine lease payments
A. An automobile lease under which the estimated actual value of the car is used to determine lease payments
B. If the car is worth less than this value at the end of the lease, the lessee must pay the difference
C. If the car is worth less than this value at the end of the lease, the lesser must pay the difference
D. An automobile lease under which the estimated residual value of the car is used to determine lease payments