In an open-end automobile lease, the borrower assumes the risk of the residual value at the end of the lease.

Name: In an open-end automobile lease, the borrower assumes the risk of the residual value at the end of the lease.
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In an open-end lease, the lessee is responsible for the difference if the actual market value of the vehicle at the end of the lease is less than the estimated residual value stated in the lease agreement.

In an Open-End Automobile Lease, the Borrower Assumes the Risk