The Consumers Guide to Auto Leasing
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Car Leasing Glossary - Residual Penalty

Residual Penalty (car leasing term)

If the end-of-lease purchase price is less than the expected end-of-lease value (expected residual value) then the dollar difference represents the additional value of the vehicle you'll pay for during the lease.

Car Leasing Residual Rate Discount Car Leasing Residual Rate Discount

 
   
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