![]() ![]() Residual value (RV): Established at the start of the lease, this is the value of the car at the end of the term. You’ll be picking up the remaining months. Term: The length of the contract with the original lender. ![]() The first step to figuring out whether you’re getting a bargain is to know the lingo: You don’t get to renegotiate the monthly payment or anything else, and your credit score will have to be good enough that the lease company will accept you. When you perform a lease takeover, you’re getting the car plus all the conditions that came with the original lease. ![]()
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