The gross capitalized cost includes the price of the vehicle plus what the dealer paid to finance the purchase plus any other items,including insurance or a maintenance agreement over the life of the lease.

Question

Quizplus · Accepted Answer

The gross capitalized cost is the total amount financed by the lessor and includes not only the vehicle price, but also any fees, taxes, warranties, and other items added to the lease agreement. This may include insurance or maintenance agreements over the life of the lease, which increase the overall cost of the vehicle lease.

The Gross Capitalized Cost Includes the Price of the Vehicle