Car Leasing

A term that describes an alternative to car buying where monthly payments are paid for a specific period of time, after which the vehicle is returned to the dealership or bought, is:

• car financing
• car ownership
• car maintenance
• car leasing

Given are lease terms at the local dealership.
What is the total cash due at signing(including the first month's payment)? 

• $2875
• $2475
• $2275
• $375

Given below are lease terms at the local dealership.
What is the total depreciation fee for this car?

• $247.50
• $232.50
• $227.50
• $112.50

The simplified formula for calculating monthly lease payment is:

• acquisition fee + down payment
• depreciation fee + finance fee
• MSRP - down payment
• MSRP + lease factor

If the lease factor given is .0020, what interest rate is that equivalent to?

• 2.0%
• .2%
• 1.84%
• 4.8%

Given are lease terms at the local dealership.
What monthly lease payment can you expect on this vehicle?

• $379.59
• $385.25
• $348.78
• $345.02

Breanna completed her lease term, and decided to turn the car in instead of purchasing it.  Upon inspection, the dealership noted that the windshield was cracked.  
What fee will Breanna be required to pay as a result?

• Cash Fee
• Acquisition Fee
• Lease Penalty
• Depreciation Fee

Josyln completed her lease term, and decided to turn the car in instead of purchasing it.  Upon inspection, the dealership noted that she drove 5000 miles over the mileage allowance.  
What fee will Josyln be required to pay as a result?

• Cash Fee
• Acquisition Fee
• Lease Penalty
• Depreciation Fee

Given are lease terms at the local dealership.
Find the total lease cost.

• $14,046
• $11,100
• $10,794
• $14,678

Given are lease terms at the local dealership.
What is the total price of this car, if you buy it after leasing?

• $21,172
• $21,100
• $20,794
• $28,272