Understanding the current leasing terminology

<p><strong>Understanding the current leasing terminology</strong></p> <ol> <li>Consumer report reviews, always the same winners</li> <li>Different terminology</li> <li>Stick to a short term</li> <li>Research is key</li> <li>Leasing terminology</li> <li>Closed end</li> <li>Open end</li> <li>Divide or multiply by 2400 for the interest rate or factor</li> <li>Acquisition, inception, termination</li> <li>Guaranteed resale value</li> <li>Capitalized cost</li> <li>residual</li> <li>sign and drive</li> <li>Wear and tear</li> <li>Annual mileage allowance</li> <li>Term is important</li> <li>No trading elsewhere now</li> </ol>