Optional Purchase Payment

Optional Purchase Payment

A fee payable at the end of an agreement when the title changes from the finance company to the customer. A fee will be debited at the end of a finance contract, together with a final payment. If ownership is selected, the vehicle will then belong to you.

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Part of Speech: noun
Synonym(s):
Blossary:
Industry/Domain: Financial services
Category: Auto loans
Company: Mercedes-Benz
Product:
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