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Optional Purchase Payment
A fee payable at the end of an agreement when the title changes from the finance company to the customer. A fee will be debited at the end of a finance contract, together with a final payment. If ownership is selected, the vehicle will then belong to you.
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- Part of Speech: noun
- Synonym(s):
- Blossary:
- Industry/Domain: Financial services
- Category: Auto loans
- Company: Mercedes-Benz
- Product:
- Acronym-Abbreviation:
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