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Residual value
The lease-end value of the vehicle set at lease inception by the lessor. It's usually calculated as a percentage of the MSRP. This is a component of the payment calculation.
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- Part of Speech: noun
- Synonym(s):
- Blossary:
- Industry/Domain: Automotive
- Category: Automobile
- Company: Toyota
- Product:
- Acronym-Abbreviation:
Other Languages:
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