What is the total cash due at signing? (2c)

  • Quiz question 2c of 10 - Car Lease

  • Maximum Attempts: 1
  • Question Type: Multiple Choice
  • Maximum Score: 1
  • 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 = $22,750
    • Purchase value of the car after lease = $16,900
    • Down payment = $1800
    • Monthly payment = $425
    • $375 security deposit
    • $300 acquisition fee

  • Answers:
  1. $2900
  2. $2475
  3. $2275
  4. $375

The correct answer is: $2900



Leave a replyYour email address will not be published.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