Definitions for "Fair market value purchase option"
Keywords:  lessee, lease, guide, car, lessor
An option to purchase leased property at the end of the lease term at its then fair market value.
Your right to purchase the auto at scheduled termination, according to terms specified in your lease agreement for a price determined by referring to a readily available guide to used car values or to another independent source.
Your right to purchase the vehicle you have leased according to terms specified in your lease agreement for a price determined by referring to a readily available guide to used car values or to another independent source.