A closed-end lease is a type of rental contract that does not commit the lessee to buying the property at the time that the...
A closed-end lease allows the lessee to walk away at the end of the term.[1]With this type of lease, you have the option to buy the vehicle at an amount that will be predetermined, also known as the residual. Other common leasing terms include: Gross Capitalized Cost This is the agre...
Open end lease: A lease in which the amount owed when the lease ends is based on the residual and realized values of the property. If the realized value is less than the residual value, the lessee may be required to pay all or some of the difference. If the realized value is greater ...
What is a triple net lease? What assets are at risk in a personal guarantee? What is unearned income? What is a leveraged buyout? What are retained earnings in business? What is a closed end fund? What kind of assets are employee wages?
1. If a lease is not fully signed that means it's incomplete and can be thrown out. 2. I stay in an apartment complex and I was trying to get out of my lease. The lady told me I would have to pay $150 and find someone to takeover my lease to get out of it, but its not...
What is a Closed-End Mortgage?Discussion Comments By Esther11 — On May 25, 2011 I remember my English professor back in college talking about this subject. It was a confusing idea, but I'll explain what I can. I'm sure I've forgotten a lot. Back in the day - in the time of...
What is a Full-Service Lease? What is a Closed-End Lease? What is a Finance Lease? What is an Operating Lease? What Should I Consider When Inspecting a Lease Agreement? Discussion Comments Byclaire24— On Mar 24, 2011 I'm really hoping to get a capital lease on the property that I ...
So what’s James’ endgame anyway? And what’s the deal with the Lord of the Rings? And can you be pro-freedom if you’re for mandatory vaccines? Good questions! Find out the answers to these and other burning queries in this edition of Questions For Corbett. ...
A closed-end lease, by some accounts, may make more sense for a general consumer who needs a vehicle that will make somewhat regular trips, usually to work and home, of predictable length, meaning the mileage should be consistent and the wear and tear will be regulated. An open-end lease...
Ally Financial offers several loan and leasing options. Applicants can opt for traditional financing for commercial vehicles, a closed-end lease with a fixed repayment term, or an open-end lease with flexible terms. Most types of vehicles qualify. Ally doesn't disclose its loan terms and borrowe...