Definitions for "Purchase Option Price"
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.