At the end of the car lease, you pay a certain amount if you decide to buy the car. What is this amount called? interest lease amount residual value

asked Apr 18, 2018 179k views

3 votes

At the end of the car lease, you pay a certain amount if you decide to buy the car. What is this amount called?

interest
lease amount
residual value

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7 votes

residual value - hope this helps

AsymmetryFan answered Apr 19, 2018

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3 votes

It is caled residual value, if you want to buy the car you can spend a little bit of extra money to buy the full car.

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