Define: ALG Residual Value
ALG Residual Value means projected worth of a [vehicle] at termination of its [lease], guided by the lease schedule and Automotive Lease Guide
ALG Residual Value means projected worth of a [vehicle] at termination of its [lease], guided by the lease schedule and Automotive Lease Guide.
Relevant Circumstances
- Lease of vehicles or equipment for business purposes.
- Negotiation of terms in fleet lease contracts.
- Determining the residual value of a vehicle at the end of its lease term.
Relevant Sectors
- Automotive Industry
- Fleet Management
- Equipment Rental and Leasing