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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:
  1. $3400
  2. $4700
  3. $4275
  4. $375

The correct answer is: $4700

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