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Purchase Option

  • October 21, 2014
« Back to Glossary Index

A purchase option is an option for the lessee to purchase the vehicle at the end of the car lease below fair market value.

Related Articles:

  • Glossary: Lease
  • The Cancel Anytime Lease: A Game Changer for Drivers
  • What If My Credit Isn’t Good Enough to Lease a Car?

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