Definitions for "Purchase Option Fee"
The fee charged if the person leasing a car decides to buy the vehicle at the end of the car lease.
A fee that may or may not be charged by the lessor to cover costs associated with the selling of a leased vehicle to the original lessee at lease termination. The Purchase Option Fee typically ranges from $300.00 to $500.00.
An amount, in addition to the purchase price, you may have to pay to exercise any purchase option in your lease agreement.