Term Answer Description This is a partial refund offered to attract the buyer to purchase the vehide. Rebate A. Purchase option B. This is the value of a leased asset at the end of the lease period. This refers to the loss in the value of an asset that occurs due to the wear and tear of the asset over a period of time. Lease C. Depreciation . D. This is the price at which a lessee can purchase his or her leased car or other asset of the end of the lease period. Closed-end lease E. This item in the lease contract is calculated as the total price of the leased vehide, including Its negotiated cost and any applicable fees and taxes. This refers to the practice of unethical car dealers quoting a low sales price on a vehide to induce a potential customer to make an offer and then attempting to add costly add-ons to the transaction prior to the signing of the contract. Sticker price F. Residual valueG. This is an arrangement wherein the lessee receives the use of an itenm, such as a car or a house, in exchange for scheduled payments for a fixed period of time. This is the advertised retail price listed on a particular vehide for sale. Low-balling H. Capitalized cost l. This agreement, which is used to purchase a car, details the offering price and all conditions of the offer; when the buyer and seller sign it, it establishes the terms of the legally binding transaction. Sales contract. This type of lease arrangement is often called a walk-away lease, because it allows the lessee to merely return the vehide provided that the preset mileage limit has not been exceeded and the vehide hasn't been abused