A walkaway lease is also called an open-end lease.

Name: A walkaway lease is also called an open-end lease.
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A walkaway lease is actually a closed-end lease, where the lessee can return the vehicle at the end of the lease term without any further financial obligation, assuming no excessive wear or mileage. An open-end lease, on the other hand, may require the lessee to pay the difference between the residual value and the actual market value of the vehicle at the end of the lease.

A Walkaway Lease Is Also Called an Open-End Lease