Leasing and renting a car

9.6 and 9.7 Leasing and renting a car

Lesson objective :

1. Calculate the total cost

of leasing a vehicle.

2.Figure out the total

cost per mile of renting a vehicle

Poll

What is your dream car ?

Open Ended

If you cant buy your dream !

What other ways you have so you can to drive it one day ???

Explore time Go to your room for 7 mins

• Room 1:what is the

  difference between renting and leasing

• Room 2 : what is the

  difference between closed end lease and open end lease

• Room 3 : what are the

  calculation fees that has to be in consideration for renting or leasing the

  car ?

Open Ended

Teneshia Cooper has an open-end lease for a SUV, which she uses for her fabric støre. The lease costs $339 a month for 60 months. She paid a deposit of $2,500, a title fee of $35, and a license fee of $135. At the end of the lease, she can buy the vehicle for its residual value of $9,446. What is the total lease cost? What is the total cost if she buys the vehicle?