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Rebate A. This refers to the price of the asset (for example, a car) that is being leased Purchase option This is a contract which
Rebate A. This refers to the price of the asset (for example, a car) that is being leased Purchase option This is a contract which allows the lessee (consumer) to use the asset, such as car, land, services etc., in return for a specific amount paid periodically B. C. This lease transaction, often called a walk-away lease, allows the lessee to merely return the vehicle at the end of the lease period assuming that the preset mileage limit has not been exceeded and the vehicle hasn't been abused Lease Depreciation D. This is an inducement to purchase that takes the form of a partial refund of a car's purchase price closed-end leaseE E. This refers to the practice of quoting a low price of an asset that is below the actual price of the asset and then adding costs that result in an increase in the price of the asset prior to the signing of the contract. Sticker price F. This is a legal agreement which states that the details of the sale of the asset (for example, a car) to the purchaser Residual valueG G. This is the price, specified in the lease agreement, at which the lessee can purchase the car at the end of the lease period Low-balling H. This is the advertised retail price listed on a particular vehicle for sale I. This is the worth of the leased asset after the lease period expires. 1. This refers to the loss in the value of an asset that occurs over its Sales contract period of ownership
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