An option to purchase a car or home that is being leased. The option might apply during the entire lease period or at the end of the lease period.

The right given to a vehicle lessee to purchase the vehicle at the end of the lease term for an amount equal to the vehicles residual value.

A provision by which a lessee has the right to purchase the equipment at the end of the lease. The purchase option may be stated at a specified amount or at fair market value.

An option given to the lessee to purchase the equipment from the lessor, usually as of a specified date.

A provision by which a business has the right to purchase the asset at the end of a lease term, either at a predetermined amount or its fair market value.

In a car leasing agreement, the option to purchase the leased vehicle at a specified price at the conclusion of the lease term.

An option in a lease that allows the lessee to purchase the equipment during or at the end of the lease term for a specified price disclosed in the lease. A lease agreement may or may not include a pu [..]

Provision in an equipment lease allowing the lessee to purchase the leased equipment at the end of the lease term for either a fixed amount or at future fair market value of the leased equipment.

A real estate agreement under which a portion of monthly rent may be used toward eventual purchase of the property. For automobiles, the portion of a lease agreement that establishes the amount the le [..]

An option for the lessee to purchase leased property at the end of the lease term. In order to protect the tax characteristics of a tax lease, the purchase option cannot be at a price less than the fair-market value at the time of purchase. The option on a finance lease (non-tax) must be a bargain option.

A provision by which a lessee has the right to purchase the equipment at the end of the lease. The purchase option may be stated at a specified amount or at fair market value.

The right to buy or sell property during a certain period or on the happening of certain events at a particular price (the "exercise price"). See also option.

The lessee's right to purchase the vehicle, if he so chooses, at lease end. It's a good idea to negotiate a purchase-option price at the same time you negotiate the capitalized cost and resi [..]

Most closed-end leases grant the lessee an option to purchase the vehicle at the end of the lease. The end-of-lease purchase price is usually the same as the stated residual value. Check your lease co [..]

The right to purchase a car at the end of a lease or loan for a set cost. This can be negotiated.

Your right to buy the vehicle you have leased, before or at the end of the lease term, according to terms specified in the lease agreement. Your lease agreement may or may not include a purchase option.

A provision, assuming the lessee is not in default under the terms of the lease, by which a lessee has the right to purchase the equipment at the end of the lease. The purchase option may be stated at [..]