Car Leasing Guide – Definition of terms used in car lease secrets

Here is a compilation of car terms that we think you will find helpful as you research your next purchase. These are common terms that you might come across while shopping for your next vehicle. Contact us if you feel there is something that should be included in our glossary, and we will definitely consider your suggestion.

open-end lease
A lease where a consumer is required to pay the difference of a car's residual value and it's actual value after the lease contract is over.

overdrive
A car transmission's highest gear that allows for effective cruising.

oversteer
A situation when a car turns more sharply than expected.