# Given below are lease terms at the local dealership. What is th…

## Question 2a of 10 - Car Lease

**Maximum Attempts:**1**Question Type:**Multiple Choice**Maximum Score:**2**Question:**Given below are lease terms at the local dealership. What is the total cash due at signing?

**Terms:**

Length of lease = 36 months

MSRP of the car = $27,500

Purchase value of the car after lease = $17,500

Down payment = $3400

Monthly payment = $425

$375 security deposit

$500 acquisition fee**Answers:**

- $3400
- $4700
- $4275
- $375

**The correct answer is:** $4700

8 total views, 1 views today

Related quizzes

Leave a replyYour email address will not be published. Required fields are marked *