Leasing and Financing Practice
Authored by Tiffany Loree
Mathematics
12th Grade
CCSS covered
Used 129+ times
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13 questions
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1.
FILL IN THE BLANK QUESTION
15 mins • 1 pt
Leasing is basically like ___________ a car.
Tags
CCSS.RI.9-10.4
CCSS.RI.9-10.4
CCSS.RI.11-12.4
CCSS.RI.7.4
CCSS.RI.8.4
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
When you are leasing, you _________ own the car.
do not
do
Tags
CCSS.RI.11-12.3
CCSS.RI.11-12.5
CCSS.RI.9-10.3
CCSS.RI.9-10.5
CCSS.RI.8.5
3.
MULTIPLE SELECT QUESTION
45 sec • 1 pt
Check (ALL that apply)
Which of the following could you be charged extra for while leasing?
Paint color
Extra mileage
Any damage to the vehicle
Emissions testing
Ending your lease early
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
When leasing a vehicle, your payment is mostly based on how much the car will _____________ over the time you are renting it.
depreciate
drive
last
finance
Tags
CCSS.RI.9-10.4
CCSS.RI.9-10.4
CCSS.RI.11-12.4
CCSS.RI.7.4
CCSS.RI.8.4
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
True or false: When leasing, part of your monthly payment is also made up of interest payments and a profit margin for the car company as well.
True
False
6.
MULTIPLE SELECT QUESTION
45 sec • 1 pt
CHECK ALL THAT APPLY!
Which of the following are reasons people might lease?
Because it's overall cheaper than financing.
Because people enjoy having new vehicles as often as possible.
Because people don't have money for a down payment or a vehicle to trade in.
Because some people move around frequently and won't always be able to take a personal car with them.
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Financing means that you are
Renting the car
Making monthly payments
Borrowing the car
Taking a lower interest rate
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