Understanding the current leasing terminology
- Consumer report reviews, always the same winners
- Different terminology
- Stick to a short term
- Research is key
- Leasing terminology
- Closed end
- Open end
- Divide or multiply by 2400 for the interest rate or factor
- Acquisition, inception, termination
- Guaranteed resale value
- Capitalized cost
- residual
- sign and drive
- Wear and tear
- Annual mileage allowance
- Term is important
- No trading elsewhere now
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About Geoffrey Jerome
I am a 35 year veteran of the automobile and motorcycle industry, author of seven books, soon to be nine, Both fiction and nonfiction. I have three super kids, actually adults, and a wonderful Jack Russell Terrier named Lucy Lynn. I am Formerly from upstate New York, Ithaca. I ride a Harley, like photography, technology and I know climate change is the worlds biggest problem.