"End of Lease Payment"

In an open-end lease, the amount the lessee pays at the end of the lease; the difference between the vehicle's residual value, which was used to calculate lease payments, and the actual market value.

Auto Dealers glossary and terms by letter

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z 0

Was this page helpful? Yes -0 No -0 5