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Marina Is Coming Up on the End of a Closed-End

Question 103

Multiple Choice

Marina is coming up on the end of a closed-end lease on her 2007 Ford Edge.Her contract stipulates a $0.35 per mile excess mileage charge in excess of 39,000 miles.If she actually drove the vehicle 35,000 miles during the three years,which of the following is not one of her options?


A) Turn the vehicle back over the leasing company and receive $1,400 ($.35 x 4,000) refund for driving the car fewer miles than anticipated.
B) Turn the vehicle back over to the leasing company.
C) Buy the vehicle at its residual value.
D) All of these are options for Marina.

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