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Jeremy has found the perfect car for him. Now that he knows what he wants, he is trying to figure out whether he should buy

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Jeremy has found the perfect car for him. Now that he knows what he wants, he is trying to figure out whether he should buy it or lease it. His wife is urging him to consider a closed-end lease. What is a significant benefit of this kind of lease arrangement? He will be required to compensate the lessor for fluctuations in the resale value of the car at lease end. He will not be required to compensate the lessor for fluctuations in the resale value at lease end. He will be able to purchase the car at lease end for a reduced price. He will be able to walk away from his lease no matter the condition of the car

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