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NESD | I have never heard of a lease working like that. The residual is used for figuring out what the lease payment will be. If you choose to buy the combine at the end of the lease you pay the residual value although that is typically negotiable at the time. In the unlikely event the price of the machine is worth more than the residual at the end of the lease you still pay the residual price and can sell or trade it for the higher price. I haven’t ever heard of a lease where you pay the difference between residual and actual value it sells for.
Edited by Stockholm 7/20/2018 12:47
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Combine lease
