Comment Text:
The right but not the obligation to buy a leased asset at the end of the lease term for a price that represents the item's then-current worth. The Fair Market Value Purchase Option does not provide the purchase price in advance, but as long as the assessed fair market value is accurate, the consumer will not overpay for the asset and the lessor will not receive less than the asset is worth.
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http://www.obm.ohio.gov/Budget/operating/doc/fy-18-19/FY18-19_Testimony.pdf
