In a _____ lease, the _____ bears the risk that the resale value of the car at the end of the term is less than originally assumed.
A) closed-end; lessee
B) closed-end; lessor
C) open-end; lessor
D) open-end; bank
Correct Answer:
Verified
Q33: Generally, the _ costs associated with buying
Q34: A lessee is a person who
A) owns
Q35: A closed-end lease is a lease in
Q36: Gross capitalized cost in an automobile lease
Q37: Which of the following is a reason
Q39: The most common type of auto lease
Q40: Up-front fees on an auto lease include
Q41: What is the equity in the car?
A)
Q42: A walk-away lease is a(n)
A) closed-end lease.
B)
Q43: If you must pay a fee at
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