Motor vehicle lease agreements between a company and a leasing company provide that the company will automatically acquire ownership of the leased vehicles after making specified rent payment, and with the payment of the residual value, which might be as low as $0.01. If the company decides not to acquire, a credit is applied to its account where the proceeds of the sale of the car by the leasing company exceed the residual value. Before indicating that the contract required further study to determine its nature, CRA stated:
