9.6 & 9.7 Leasing & Renting a Car

pays for damages you cause even if it's to your own vehicle

• collision
• liability

If the price of gas is $0.73 / L, how much would it cost to fill up a vehicle with a gas tank capacity of 54 L?

• $39.42

• $73.97

• $39.11

• $73.64

Which of the following is NOT true about leasing a car

• You will have the car for a certain amount of time

• You will likely have a mileage restriction

• Maintenance is free

• You will have the option to buy the car at the end of your term

Which of the following is NOT a consideration when deciding to buy used, new, or lease?

• How much you can afford with payments

• Do you want a new vehicles every 3 - 5 years

• Do you want a warranty

• What time you drink your morning coffee

Someone might choose to own a car instead of leasing a car because:

• it will be less expensive

• it will be more expensive

• it could lead to lower repair expenses

• it could be sold later on to make some money back on the vehicle

Car leases usually have:

• unlimited terms

• minimum mileage agreements

• maximum mileage agreements

• none of these

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

All of the following are advantages of leasing a vehicle EXCEPT

• Your monthly payment is typically cheaper

• Your auto insurance is typically cheaper

• You get a new vehicle more frequently

• Standard maintenance is typically included

You are looking to lease a luxury car and have agreed to 48 payments of $475. You made a deposit of $475. The title fee is $65 and the license fee is $85. What is the total lease cost?

(a)