leasing vs buying car

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

The simplified formula for calculating monthly lease payment is:

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

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

A car is a(n) ________________________ asset.

• appreciating

• depreciating

Car leases usually have:

• unlimited terms

• minimum mileage agreements

• maximum mileage agreements

• none of these

Cars typically lose the most value in the second year after they are purchased.

• true

• false

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

• collision
• liability

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