Difference Between Open Ended and Closed Ended Leases

May 8th, 2015 by

Difference Between Open Ended and Closed Ended Leases

If you talk to your grandparents and maybe even your parents you may hear a cautionary tale or even a few horror stories about leasing.  Unfortunately, many of these stories were warranted “back in the days” when open ended leases were the standard.  Fortunately, the only leases done today in the automotive industry are closed ended. The video below takes a look at the difference between open ended and closed ended leases and how this impacts you.