What residual is charged at the end of the lease?
A. There is no mandatory residual. The lease is an operating lease and the machine is returned to the finance company at the end of the three-year period, unless a teacher chooses to opt for any purchase option that may be offered as described above. A teacher may be charged additional costs, including but not limited to the residual, if they return a notebook after the expiry of the three-year period. This is due to the financier penalty imposed on the Department for any notebook not returned.
A. There is no mandatory residual. The lease is an operating lease and the machine is returned to the finance company at the end of the three-year period. A teacher may be charged additional costs, including but not limited to the residual, if they return a notebook after the expiry of the three-year period. This is due to the financier penalty imposed on the Department for any notebook not returned.
