American_Bankers_Association
CTFA · Question #192
Open-end lease is:
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Question
Open-end lease is:
Options
- AAn automobile lease under which the estimated actual value of the car is used to determine lease
- BIf the car is worth less than this value at the end of the lease, the lessee must pay the difference
- CIf the car is worth less than this value at the end of the lease, the lesser must pay the difference
- DAn automobile lease under which the estimated residual value of the car is used to determine
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