The selling price of your car if you buy it at the end of a car lease.
The amount the driver must pay to purchase the car at the end of the lease.
What you'll pay for the car if you buy it at the end of the lease. The purchase option price is often tied to the residual value. If it is, then the higher the residual value, the more you'll pay to buy the car, should you decide to do so, at the end of the lease period.
The predetermined purchase price for a car at the end of its lease.
Selling price of the vehicle if you buy it at the end of the lease. This is usually the residual value.
A predetermined purchase price for a vehicle at the end of a lease.
An option in a lease which allows the lessee to purchase the vehicle at the end of the lease term for a specified price, and in some cases, during the lease term at an amount to be determined or at a specified price.
The price determined at the beginning of a lease for which the lessee can purchase the vehicle at lease end.
The Purchase Option price is agreed on between you and the lessor at the time you sign your lease. This is the price at which you can purchase the property if you decide to exercise your Purchase Option at the end of your lease.