The capital cost reduction on a vehicle lease is
A)like the down payment on a loan.
B)the rate of interest on a lease.
C)the residual value at the end of the lease.
D)the depreciation on a lease.
E)the same as the purchase option on a lease.

Question

Quizplus · Accepted Answer

Capital cost reduction on a vehicle lease is similar to a down payment on a loan. It is the upfront payment made to reduce the total amount of the lease.

The Capital Cost Reduction on a Vehicle Lease Is