Topical Terminology > Walk-away Lease
2 Definitions
Walk-away Lease
For Walk-away Lease we have terms and definitions in 2 topics. The topics are Auto Lease and Automotive.
Walk-away Lease (Auto Lease) 
See Closed-end lease.
See more Auto Lease Terms ...
Walk-away Lease (Automotive)
Another name for a closed-end lease. A leasing contract in which the residual value, or final value, of the vehicle at the end of the term, has been specified. The lessee is not required to buy the vehicle, or make up any shortfall in its residual value.
See more Automotive Terms ...
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