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The salvageable or residual value is similar to a car's resale value, which is a car's value after depreciation or an asset's decrease in value over time. The leasing company or car dealership ...
The cost of leasing a car is about much more than the monthly payments you make. A car lease includes fees you should understand before you sign the paperwork. ... Residual Value. When you sign ...
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Closed-end leases are so called because they run for a fixed term, and the lessor and lessee agree in the lease contract what the residual value of the property being leased will be. In most cases (particularly in retail motor vehicle leases), the lessee has an option to purchase the property for the agreed residual value at the end of the ...
The lessee pays only for the value of the vehicle for the term of the lease. Lenders calculate lease payments based on the vehicle’s residual value, or what they estimate the car will be worth when the lease is over. [5]
Vehicle leasing is the leasing (or the use) of a motor vehicle for a fixed period of time at an agreed amount of money for the lease. It is commonly offered by dealers as an alternative to vehicle purchase but is widely used by businesses as a method of acquiring (or having the use of) vehicles for business, without the usually needed cash outlay.