A Closed-end Lease is where we assume depreciation risk. You only pay for that portion of the vehicle's useful life that you use. The lease is tailored to the term and mileage that best suits your needs. Typical terms are 24-48 months. At lease end you have a purchase option or simply return the vehicle with no responsibility for its resale value.

An Open-end Lease, also known as a finance lease, is available to commercial accounts. At lease end, you may buy the vehicle for the depreciated value or we sell it. You receive the gain or pay any deficiency.