Open-end lease is:
Answer(s): B,D
A commonly cited benefit of leasing is absence of down payment. However, today most leases require a "capital cost reduction" which is the down payment that lowers the potential depreciation and therefore your monthly lease payments. You may be able to negotiate a lower capital cost reduction or find a lease that doesn't require one. The lease payment calculation is based on four variables. Which one of the following:
Answer(s): D
A good lease contract should clearly define what is considered unreasonable. In addition, most leases requires the lessee to pay a disposition fee:
Answer(s): C
Most auto leases include a purchase option. The annual mileage allowance is another consideration of lease term. Mileage allowance typically about:
Answer(s): B
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