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Titling, Registration -Limitations - Maintenance Options In leasing terminology, a net or closed end lease means that the user (lessee) does not participate in the gain or loss on the sale of the used vehicle. Other things, such as title and license, may be included in the "net" rate. In theory the user pays a flat monthly fee as long as he is leasing the vehicle. The lessee must exercise caution in evaluating a net lease, however. A better name for the lease would be "relatively net", because there are some contingencies which are explained as "Limitations".
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