Open or Residual Value Lease
The lease contract has wording around a Residual Value being GUARANTEED BY THE LESEE. A quick google search led me to the OMVIC website which details closed leases where you have the option to purchase or return the car at lease end and open leases where the consumer is responsible for the difference between the residual and the value of the car.
Why would a dealer send me a lease like that? It’s totally freaked me out and makes me want to back of the deal. Am I over reacting? Why would they not just write up a standard lease?
I asked the question over email but they are closed now.