end lease

See

Dictionary of automotive terms. 2015.

Look at other dictionaries:

  • Closed-End Lease — A rental agreement that puts no obligation on the lessee (the person making periodic lease payments) to purchase the leased asset at the end of the agreement. Also called a true lease , walkaway lease or net lease . Since the lessee has no… …   Investment dictionary

  • open end lease — With an open end lease, there is still a residual value set at the beginning of the lease. However, if the car is worth less than the residual value at the lease s end, the lessee must pay the difference. In other words, the lessee assumes the… …   Dictionary of automotive terms

  • open-end lease — Lease with no fixed termination date. UNO Leasing Corp. v. Rollins & Hollins, Inc., et al., La.App., 448 So.2d 1329, 1333 …   Black's law dictionary

  • Open-End Lease — A rental agreement that obliges the lessee (the person making periodic lease payments) to make a balloon payment at the end of the lease agreement amounting to the difference between the the residual and fair market value of the asset. Also… …   Investment dictionary

  • closed end lease — Most leases offered today are close end leases, meaning that the residual value is fixed and stated in the lease contract. The lessee s financial obligations are unaffected by what the vehicle is actually worth when the lease ends. In other words …   Dictionary of automotive terms

  • open-end lease — A lease agreement that provides for an additional payment at the expiration of the lease to adjust for any change in the value of the property. Bloomberg Financial Dictionary …   Financial and business terms

  • lease — Form of contract transferring the use of a vehicle in consideration of payment. Also see closed end lease off lease open end lease subsidized lease subvented lease …   Dictionary of automotive terms

  • end — See belt end big end bitter end bottom end drive end drive end bracket female end firing end front end front end alignment …   Dictionary of automotive terms

  • lease — 1 / lēs/ n [Anglo French les, from lesser to grant by lease, from Old French laisser to let go, from Latin laxare to loosen, from laxus slack] 1 a: a contract by which an owner of property conveys exclusive possession, control, use, or enjoyment… …   Law dictionary

  • lease option — A provision in a lease (for real property, such as a house) or contract (for personal property, such as a car) that gives the tenant or lessee the right to buy the real or personal property at the end of the lease or contract period, for a price… …   Law dictionary

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