Closed End Leases

This is the most common type used by consumers. At the end of the lease period, you "walk away" from the car. The so-called "residual value" of the car is determined at the beginning of the lease, so you only pay a fixed amount over a fixed period of time. Tip: Get an option to buy the car at the expiration of your lease.

Please contact Topolinski & Associates regarding more information on this topic.