M - MRP

Monday, June 05, 2006

Manufacturers Recommended Price Residual Value - the value of the vehicle at the end of a contract hire or lease agreement, which is usually estimated on the initial lease document.

For whatcar.com's guide to contract hire and leasing click here








Glossary

Want to know the difference between your APRs and your PCPs? Our Glossary will guide you through the minefield of car-buying terms.