Car Leasing
Authored by Sheniqua Kapita
Mathematics
9th - 12th Grade
Used 103+ times
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10 questions
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1.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
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:
2.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
Given are lease terms at the local dealership.
What is the total cash due at signing(including the first month's payment)?
3.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
Given below are lease terms at the local dealership.
What is the total depreciation fee for this car?
4.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
The simplified formula for calculating monthly lease payment is:
5.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
If the lease factor given is .0020, what interest rate is that equivalent to?
6.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
Given are lease terms at the local dealership.
What monthly lease payment can you expect on this vehicle?
7.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
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?
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