Nevada § 100.165 - Lessee's right to submit bid for purchase of vehicle; effect of lessee's bid
Full text of Nevada Nevada Revised Statutes § 100.165 — Lessee's right to submit bid for purchase of vehicle; effect of lessee's bid, with citation guidance and answers to common questions.
§ 100.165. Lessee's right to submit bid for purchase of vehicle; effect of lessee's bid
1. The lessee has the right at any time before the lessor establishes the value of
the vehicle to submit a written bid for its purchase. 2. If the lessor accepts the lessee's bid as the highest bid, the lessee has 5 days
from the date of such acceptance within which to tender the full amount of the purchase
price, and: (a) If the lessee tenders the full amount within the prescribed time and the lessor
nevertheless elects not to sell the vehicle to the lessee, the bid establishes the
residual value of the vehicle and the lessor must credit the amount of the bid against
the lessee's liability under the lease. (b) If the lessee fails to tender the full amount of the purchase price within the
prescribed time, the lessee's bid does not establish the residual value of the vehicle
and the lessor must credit against the lessee's liability the amount of the next highest
bid.
Source: official Nevada text · Last verified 2026-08-27
Frequently Asked Questions About Nevada § 100.165
What does Nevada Revised Statutes § 100.165 cover?
Section 100.165 ("Lessee's right to submit bid for purchase of vehicle; effect of lessee's bid") is part of the Nevada Revised Statutes, the codified statutory law of Nevada. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Nevada § 100.165?
A common citation format is "Nevada Revised Statutes § 100.165" (Nevada). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Nevada law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Nevada official source linked on this page or consult a licensed Nevada attorney.
How does Nevada § 100.165 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Nevada can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Nevada.