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| . |   Types Of LeasesThere are two basic types of leases, closed-end leases and open-end leases: Closed-End Lease – or a 'walk-away' lease enables you to walk away at the end of a lease with no further obligation - provided that the car is not damaged, has not been subject to excess wear and tear, and mileage restrictions have not been exceeded. With a closed-end lease, ABLE Leasing guarantees the residual or end value of the vehicle. Open-End Lease - or a 'no mileage restrictions' lease allows you to lease a vehicle without any mileage restrictions, because you guarantee the residual or end-value of the vehicle. If you are a high mileage driver, ABLE Leasing will work with you to determine a reasonable end-value based on your expected usage. SUBSECTIONS: Types Of Leases | Leasing Vs.
Buying | Able Advantage |
FAQ | Main Page |
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