Closed-end lease
Closed-end lease
A closed-end lease is an agreement that allows one party to use a second party's property temporarily without any obligation to purchase the property at a later date. Closed-end leases are common in auto leasing; if the lease is closed-end, the individual leasing the vehicle has the option to return the car at the end of the lease arrangement.
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National Rates
| Loan Type | Today |
|---|---|
| 30 yr fixed |
5.03 |
| 15 yr fixed |
4.58 |
| 5/1 ARM | 3.99 |
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