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Old 12-05-2012, 09:59 PM   #18
Question anything the facts don't support.
Join Date: Dec 2003
Location: Carmichael, California
Posts: 19,085

Originally Posted by jlewisinsyr View Post
This is completely wrong! All general consumer leases are closed-end, meaning the final value is set and regardless of market value, there is no further obligation. It is possible to get an open-ended lease, but they are VERY rare and gap insurance would mean nothing in this case as that's not what gap insurance is..
See my other reply about the insurance. I will check at work tomorrow on open vs closed end leases. I made my statement based on the ads in the auto section of the local paper, all say they are for open ended leases.
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