What Does Three-Year Value Retention Buyback Mean?

[KeiraFitz]

It refers to the option to repurchase the car at the used car market price after three years or at a pre-agreed discounted rate, ensuring a minimum value retention for the vehicle. Below is relevant information: 1. Value Retention: Value retention refers to the foreign exchange traders' practice of using spot and forward foreign exchange transactions to hedge against or eliminate exchange rate fluctuation risks. 2. Automobile: According to the latest national standard "Terms and Definitions of Types of Motor Vehicles and Trailers" in China, an automobile is defined as a non-track vehicle powered by an engine, with four or more wheels, primarily used for: transporting people and/or goods; towing vehicles carrying people and/or goods; and for special purposes.