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Quiz 1
39b21bf1-19bd-4dcf-a9b8-714814dd3f8f
1. What is the Buyout Price?
If you decide to buy the car at the end of the lease, this is the purchase price. It may or not be the same as the residual value. If the residual is way off at the end of the lease, the dealer may make or lose money on the deal when they sell the vehicle on the open market.
an administrative fee that you’ll have to pay if you choose to buy the car at the end of the lease. It is tacked onto the buy-out price.
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