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As Dave said it's effectively leasing the car and purchasing it at the end of the agreement. I would be careful of how much the residual is at the end, it can be far more than the market value of the car at that time which would be a little depressing.
Look at it this way;
Under residual lease they buy the car and you pay for it, then they sell you the car and you pay for it. Simple?
Rather lease a car for the business that way it all comes off tax and you get to use the car for half price.
Oh and you don't have any maintainance costs.
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