Apr 3, 2022
Understanding the current leasing terminology
- Consumer report reviews, always the same winners
- Different terminology
- Stick to a short term
- Research is key
- Leasing terminology
- Closed end
- Open end
- Divide or multiply by 2400 for the interest rate or factor
- Acquisition, inception, termination
- Guaranteed resale value
- Capitalized cost
- residual
- sign and drive
- Wear and tear
- Annual mileage allowance
- Term is important
- No trading elsewhere now