In ____ lease,you must pay any difference between the projected residual value of the vehicle and its actual market value at the end of the lease period.

Question

Quizplus · Accepted Answer

In an open-end lease, the lessee is responsible for the difference between the residual value and the actual market value of the vehicle at the end of the lease. This type of lease is common in commercial and business leases.

In ____ Lease,you Must Pay Any Difference Between the Projected