What is the Fair Car Buying Service thing?

What is Fair, the apparently newfangled way to obtain an automobile? They say its not a loan or a lease, but you get a car for a monthly payment, so it has to be something like one of those, right? I explain what Fair really is in this video (spoiler: its an open-ended lease on a used car) and more importantly I reveal if Fair deals are good in comparison to new car leases. Enjoy!