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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

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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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

User EvgeniyZh
by
8.3k points

2 Answers

7 votes
residual value - hope this helps



User AsymmetryFan
by
8.4k points
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.
User Mariano Schmands
by
8.0k points
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