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Please explain the difference between an open ended car lease and a closed ended car lease

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6ya6ya
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Posted on Jan 02, 2017

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csmock132
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SOURCE: closed vs open

Are you talking about closed loop and open loop?

Posted on Mar 11, 2009

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SOURCE: How to Get an Open End Car Lease?

You would have to do that thru the dealer

Posted on Oct 20, 2016

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1 Answer

How to Calculate a Lease Payment?


Lease payment is calculated based on a number of factors. There is interest rate, residual value, loan fees plus various lease fees. Difficult question to answer as there are lots of variables as well as different kinds of leases.

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What Types Of Equipment Leasing Terms Are Available?


A variety of business equipment leasing is available that allows a lender to modify a lease to suit your customer's monthly cash flow necessities. Lease terms commonly range from 12 to 84 months with different end term options.

Jun 14, 2016 | Retail Supplies

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What Types Of Equipment Leasing Terms Are Available?


A variety of business equipment leasing is available that allows a lender to modify a lease to suit your customer's monthly cash flow necessities. Lease terms commonly range from 12 to 84 months with different end term options.

Jun 14, 2016 | Retail Supplies

1 Answer

Why does toyota put such LOW QUALITY TIRES ON THEIR LEASES? I HAD TO CHANGE MY TIRES AFTER ONLY 20,000 MILES ON MY LEASE.???


Larry, It keeps there cost down, example: You the leaser pick up your new lease vehicle with cheap tire that leaser paid let say $40.00 each for tires. You return car after a year, probably in your contract it states you are responsible for some wear items and damage, over mileage limit,etc. The lease rep. comes out measures remaining tread depth of tires and they measure out at 3/32 of an inch. Which then they calculate to be 95% worn. They do not use the price of $40.00 per tire, they use the price probably closer to $120.00 per tire in there calculation and get away with it, because this is determined to be the average cost to replace a tire of the market at the time.
To sum it up you could have to pay $456.00 towards tires wear unless you replace the tires before returning it to the lease company along with other expenses they deem as part of contract fulfillment.
This is only an example and does not mean all leases are like this it is just a plausible answer to question.
Check the attached links for more info. on car leases, Good luck. "I hope this helped you out, if so let me know by pressing the helpful button. Check out some of my other posts if you need more tips and info."
http://www.cbc.ca/newsblogs/business/moneytalks/2008/05/ellen-roseman-the-hidden-costs-of-car-leasing.html
Don get dinged at the end of your lease
Car Leasing Companies and Their Hidden Costs
Auto Leasing Explained

Apr 20, 2016 | 2013 Toyota Prius v

1 Answer

What is considered normal wear and tear when you turn in a leased car at the end of the lease?


Usually a lease vehicle is short term which means they want it back clean.No scratches.worn seats,cigarette burns,scuff marks,

Jan 20, 2016 | Cars & Trucks

1 Answer

What Are The Dissimilarities Between A Lease Purchase And A True Tax Lease?


The primary difference is exactly what happens in the end of the lease term. Having a lease purchase, you'll own the gear for $1. Having a true tax lease, you've three options: You are able to renew the lease, return the gear or buy the equipment at fair market price.

Nov 17, 2015 | Retail Supplies

1 Answer

Closed vs open


Are you talking about closed loop and open loop?

Mar 11, 2009 | 1985 Pontiac Firebird

1 Answer

DHCP Lease Expired


Open your network folder,Right click on you network connection,select status,select repair.
close network connection folder.

Or click start,all program,accesories,command prompt,when the command prompt opens,Type ipconfig /renew

once completed, type exit and hit the enter key

Please rate this a fixya

Feb 14, 2009 | Acer AL1716 F Monitor

1 Answer

Infiniti g Has anyone leased one?


Leasing is the only way to get a car.....why buy something that depreciates......RULE#1......DO NOT talk payments until you feel that you have worked the best sale price on the car......never ever let them get you on payments.....from the start, tell them that you only want to see the best deal that you can get on the car.....go to the lot after hours, pick the one that you want....get all of the options on the car...then go to Edmunds.com and get the "True Market Value"......you will also get the invoice cost on it....ask for list of all of the rebates .....work the best deal of the True Market Value and then and only then do you work payments.....take the TMV and multiply it by 20 and that will give you a good idea of the payments (close enough for grenades or scare you off)......leases will be lower......good luck.....remember RULE#1 and the only rule you need to remember.....negotiate for the best price!!!

May 18, 2008 | 2006 Infiniti G

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