Understanding the current leasing terminology

Posted on April 3, 2022 by Geoffrey Jerome

Understanding the current leasing terminology

  1. Consumer report reviews, always the same winners
  2. Different terminology
  3. Stick to a short term
  4. Research is key
  5. Leasing terminology
  6. Closed end
  7. Open end
  8. Divide or multiply by 2400 for the interest rate or factor
  9. Acquisition, inception, termination
  10. Guaranteed resale value
  11. Capitalized cost
  12. residual
  13. sign and drive
  14. Wear and tear
  15. Annual mileage allowance
  16. Term is important
  17. No trading elsewhere now

Check out this episode!

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.
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