(815 ILCS 636/10.110)
Sec. 10.110. Residual value. The estimated value of the vehicle at the end of the scheduled lease term, used by the lessor in determining the base lease payment, as established by the lessor at the time the lessor and lessee enter into a consumer lease.
(Source: P.A. 89-625, eff. 1-1-97.)
Sections: Previous 10.75 10.80 10.85 10.90 10.95 10.100 10.105 10.110 10.115 10.120 10.125 15 20 25 30 Next
Last modified: February 18, 2015