The most popular form of automobile lease is the one in which at the end of its term the lessee simply turns in the car (assuming the preset mileage limit has not been exceeded and the car hasn't abused)
Answer(s): D
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:
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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