Sovi.AI - AI Math Tutor

Scan to solve math questions

QUESTION IMAGE

true or false question at the end of a closed - end lease you can choos…

Question

true or false question
at the end of a closed - end lease you can choose to buy the vehicle for the residual price, or return it to the leasing company.
true
false
need help? review these concept resources.
read about the concept

Explanation:

Brief Explanations

A closed-end lease, also called a "walkaway lease," gives the lessee the option at the end of the lease term to either purchase the vehicle at the pre-agreed residual price or return the vehicle to the leasing company with no further obligation (assuming lease terms like mileage and condition are met).

Answer:

True