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Walk Away
(redirected from Closed-End Leases)

    Also found in: Dictionary/thesaurus, Legal, Wikipedia 0.01 sec.
Walk away
To take and maintain a position in a stock after going to the floor to consummate a trade. Antithesis of trade me out, buy them back.
Walk Away
Describing a lease where the lessee must return the asset at the end of the lease's term. A walk away lease gives a great deal of flexibility to the lessee because the costs are all known in advance; likewise, the lessee does not need to predict the fair market value of the asset because he/she will not possess it. The lessor carries all risk. A walk away lease is most common with car loans. It is also called a closed-end lease.
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says open-ended leases are superior to cookie-cutter closed-end leases for several reasons.
Closing the deal on hot wheels: when primal "want" overrides ... by Reed, Philip / Chief Executive (U.S.)
This paper shows that previous applications of these approaches have ignored the value of the consumer's right under some closed-end leases to purchase the leased auto at a predetermined price and as a consequence have overstated the net costs of these leases.
Economics of automobile leasing: the call option value by Miller, Stephen E. / Journal of Consumer Affairs
Closed-end leases are more popular because they don't require additional money at the end of the lease if the resale value of the vehicle has dropped below the original estimate of the value.
The leasing option by Richardson, Jeffrey / Alaska Business Monthly
 
 
 
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