Given below are lease terms at the local dealership. What is the total cash
due at signing?
Terms:
• Length of lease = 24 months
• MSRP of the car = $17,500
• Purchase value of the car after lease = $9900
• Down payment = $2400
• Monthly payment = $425
• Security deposit = $375
• Acquisition fee = $500

Respuesta :

Answer:

$3700

Explanation:

The items that have to be paid for at the signing include

1. The deposit:             $,2,400.00

2. Monthly payments :    $425.00

3. Security deposit:          $375.00

4.  Acquisition fee:         $ 500.00

     Total due                   $3,700.00

Answer:

$3700

Explanation:

Took the test, this is the correct answer.