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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
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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).
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True