Date: Sat, 11 Sep 1999 14:55:13 GMT
From: kr4nopsamnyu.edu (Kalman Rubinson)
Subject: Re: 1999 9-3 Lease question


Norman L. Kleinberg (nlkleinbergnopsamhlink.net) wrote: > Now, as to residual value: I am no lease expert, and only know the little > I've read so far: however, my info clearly states that in open-end leases it > is possible that the contract specifies a residual value. If the car can't > be sold for that residual value then the less(ee?);i.e. the gal who leases > the car, is responsible for the difference. Who uses open-end leases these days? All the car leases I've negotiated in the past decade are closed-end with no liability based on residual value. At the end, you give the car back and walk away. Kal

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